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Explainer: What is BRICS and who are its members?

The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of state and government summit in Johannesburg between August 22 and August 24. Here are some key facts about the bloc and its members. WHAT IS BRICS? The acronym BRIC, which did not initially include South Africa, was coined in 2001 by then Goldman Sachs
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What is BRICS and How Does It Stack Up Against G7 Goliath?

BRICS leaders are gearing up for their much-anticipated South Africa summit. Since the bloc’s creation at a forum in St. Petersburg in 2006, BRICS has come to represent the aspirations of the developing world to challenge the economic hegemony of the collective West. How does it plan to achieve this goal? Check out Sputnik’s explainer to find out.
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