SA gets R20 billion BRICS boost for development projects
(WorldNews Business)

CAPE TOWN - The New Development Bank (NDB), formerly known as the Brics Development Bank, committed $1.5 billion (R19.86bn) towards South Africa´s development projects as it launched its regional office in Sandton, Johannesburg. The African Regional Centre was expected to be the face of the two-year old bank on the continent and it was identifying infrastructure projects for the country. Speaking on the sidelines of the launch, Malusi Gigaba said the promised $1.5bn would go a long way towards assisting the government to reinforce and strengthen the...