Sandton looks back at the BRICS Summit
BRICS summit was great for the Sandton community, Sandton Central said.
All eyes were on Sandton from August 21–25 as the BRICS Summit rolled into Johannesburg for the second time, bringing with it an abundance of opportunities for South Africa.
The 15th BRICS Summit was held at the Sandton Convention Centre between August 22 and August 24. According to the Central Improvement District (CID) manager of the Sandton Central Management District, Elaine Jack, the event went off without a hitch.
“Sandton Central in collaboration with many government security entities delivered a successful, incident-free summit which benefitted the reputation of the country as well as the precinct,” said Jack.
Sandton was a hub for trading opportunities, said University of Johannesburg’s Professor Siphamandla Zondi.
Zondi said the arrival of people who came to the conference – and others who were coming to observe the conference – brought currency of various forms. These were able to expand trade, especially retail in certain areas and even more durable sales about properties and business purchases that happened on account of the summit.
“Business deals of trade and investment nature happened in Sandton – and a lot of those will be processed in Sandton because Sandton is a financial district for international trade.
“All of those businesses will benefit Sandton maybe directly through the transfer of funds and trader fundsand and also by simply elevating Sandton as a noted centre for business transactions.”
More experts from UJ weighed in on the aftermath of the BRICS Summit. Dr Emmanual Matambo expressed how South Africa stands to benefit – while Dr Ayabulela Dlavaku shared his optimism for the growth of the BRICS+ bloc of nations.
“The summit is particularly important because it more than doubled the BRICS membership, signifying the intent of members to be an economic and political cluster of global consequence,” Matambo expressed.
He added that South Africa can gain more by using the competitive advantage of China’s huge market for South African products and resources, and Russia’s energy capacity – which can help to alleviate chronic energy problems that have beset South African industry and small businesses.
Dlakavu optimistically regards the BRICS bloc as opportune for promoting a multi-polar international order and system, especially as it pertains to global economic and political governance.
Related article:
https://www.citizen.co.za/sandton-chronicle/333637/press-conference-at-maslow-hotel-initiates-south-african-china-international-industrial-expo/
https://www.citizen.co.za/sandton-chronicle/333514/brics-summit-fly-by/
