Tuesday, December 14, 2010

SA and Nigeria battle for Bric status

South Africa is eager for elevation to the coveted Bric (Brazil, Russia, India and China) status of key emerging markets, but investors say Nigeria is a more probable African contender, even if promotion for either country is some way off.Russian President Dmitry Medvedev said at last month’s Group of 20 (G20) meeting in South Korea that South Africa had “applied” to join the four-member Bric

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