Since South Africa's inclusion into the BRIC grouping of major emerging countries, there has been a deafening silence in its ascenscion from the global invesment community.
The name is now BRICS to include South Africa but the major BRIC investment funds and houses have remained bearish on South Africa. Many countries instead opt for South Korea or Singapore instead.
The original BRIC group, namely Brazil, Russia, India and China comprise about 20% of the global economy as well 43% of the global population. With South Africa, whose economy is dwarfed by its major partners, the GDP of these combined countries rise by just half a percentage point.
The South African economy is 80% smaller than the smallest economies of the BRICS group, namely Russia and India. Despite its diminutive side compared to its partners, it is not a bad investment destination. The benchmark of Johannesburg's Top 40 index increased by 25% compared to its BRIC counterparts who are still experiencing negative growth.
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