South Africa to host BRICS summit in 2018: president

XIAMEN, China, Sept. 4– South Africa will host the 10th summit
of the BRICS bloc, which groups Brazil, Russia, India, China and South
Africa, in 2018, South African President Jacob Zuma said here on Sunday.

Zuma, addressing the BRICS Business Forum preceding the current BRICS
summit, said that South Africa, with broad perspectives and opportunities
for investment, welcomes attendees at the forum to visit the African
country. The African continent is a new frontline, a frontline of
growth and prosperity, Zuma said, adding that South Africa expects to
realize comprehensive and inclusive economic development and further
increase its trade with other BRICS countries. Trade between South Africa
and the other BRICS countries reached 31.2 billion U.S. dollars in 2016,
according to Zuma. About 1,200 business elites from more than 600
enterprises gathered in Xiamen of southeast China’s Fujian Province to
attend the BRICS Business Forum. The two-day forum that started Sunday is
an important side event of the BRICS summit. – XINHUA