Inner City Gazette

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28 March - 4 April 2013 Tel : 011 023-7588 / 011 402 - 1977

Fax: 086 609 8601

Email : info@inner-city-gazette.co.za Website : www.inner-city-gazette.co.za

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Your trial will turn into triumph

Earth Hour Guinness Record Page 2

Top comedian in solo show

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Stories from the African continent

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BRICS bank green light Staff Reporter news@inner-city-gazette.co.za

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eaders of the world’s most powerful developing states at the BRICS summit in Durban have agreed to form a development bank, which will be a counterweight to the IMF and the World Bank. Finance Minister Pravin Gordhan said the Brics Bank will finance infrastructural development. “The emerg-

From left: Presidents of BRICS states Dilma Roussef, Vladimir Putin, Pranab Mukherjee, Xi Jinping and Jacob Zuma.

ing economies group has moved from rhetoric to action, and this is the crowning achievement of the event.” Russian Finance Minister Anton Siluanov said they will meet next month to see who puts up the proposed US$100 billion seed money, and how contributions will be determined. The World Bank has also declared its support for the proposed bank. During the event Denel Aviation CEO Mike Kgobe said they reached

agreement with a Russian helicopter company for a joint maintenance agreement on the African continent. “We identified a gap in the market in terms of a capability to support Russian helicopters flying in Africa.” The fifth Brics summit is being hosted under the theme ‘Brics and Africa: Partnership for Development, Integration and Industrialisation’. Meanwhile, besieged Syrian President Bashar al-Assad urged Brics

members to appeal for peace in his war ravaged country. Human rights organisations are furiously lobbying to have the leaders of Brazil, Russia, India, China and South Africa condemn Assad’s government for turning its guns on its own people. However, at least two Brics members, Russia and China, have previously shown support for al-Assad’s regime. Although indications at the summit are that he may be disap-

pointed, Assad hopes to get support from all five member countries. Soon after his meeting with South African President Jacob Zuma ended this week, the press sought Russian President Vladimir Putin’s opinion over the Syrian issue. When asked if he would support a United Nations ecurity Council resolution allowing humanitarian aid over the border to Syria he evasively responded: “We’ll think about it.”


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