Council seen as big boost for KZN business

Published 24 July 2018, by Kuben Chetty

Durban – Provincial Economic Development MEC Sihle Zikalala believes that the BRICS Business Council conference, which concluded in Durban this week, was a major boost for businesses in the province and the country.

“Issues that have been discussed are interesting because you can see the joint efforts of the countries that make up BRICS. The exposure of the delegates to KwaZulu-Natal means a lot. There are issues and proposals that we need to follow up on as there are businesses that now want to establish businesses in KwaZulu-Natal.”

Zikalala said the proposal of a youth summit being aligned to the broader BRICS summit was an important development for the continent.

“The youth summit itself and the issues that were proposed for follow-ups are crucial. It is important that young people are considered for employment, but also are considered for business ownership.”

Zikalala said the BRICS New Development Bank (NDB) was already making an impact with investment in several projects, including the Durban port terminal.

The three major focus areas identified by the BRICS Business Council were: Youth – Fostering Entrepreneurship; the Digital Economy – Skills Development for the 4th Industrial Revolution; and Agriculture and Food Security.

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