February 18, 2011 / 4:52 PM / in 8 years

South Africa joins to make BRICS of BRIC - Mukherjee

Finance Minister Pranab Mukherjee attends the swearing-in ceremony of the cabinet reshuffle at the presidential palace in New Delhi January 19, 2011. The minister said on Friday South Africa was being brought in alongside India, China, Brazil and Russia as part of the group of developing economies hitherto known as the BRIC club. REUTERS/B Mathur

PARIS (Reuters) - The finance minister said on Friday South Africa was being brought in alongside India, China, Brazil and Russia as part of the group of developing economies hitherto known as the BRIC club.

“Today South Africa has been formally inducted into the BRIC grouping. From now on it will be the BRICS and this will be a key south-south global forum,” said Pranab Mukherjee, who was in Paris for talks with other finance ministers.

“There will be a BRICS summit in April in China. That is the plan as of now,” he added.

Reporting by Abhijit Neogy; Writing by Brian Love

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