BRICS countries need to increase the level of trade and investment among themselves in order for their economies to recover from the Covid -19 downturn. This is according to the deputy director-general of the South African Department of trade and industry Lerato Mataboge. Mataboge is part of South Africa's delegation participating in this year's BRICS business forum. The Forum is working towards improving relations between businesses in Brazil, Russia, India, China and South Africa. Hosted by the Russian Chapter, under the theme BRICS business partnership: Common vision for sustainable inclusive development, this year the forum is taking place virtually due to the COVID-19 pandemic.
Mataboge says the forum is focusing on business-to-business partnerships in the interests of creating tangible trade and investment opportunities.