🇷🇺🇿🇦 Consulate General of Russia in Cape Town: ✍️ Article by the Consul General of Russia in Cape Town, R. Golubovskiy, for the Cape Times (media-holding Independent Media) on the topic: “A $1bn loan from BRICS bank: why it means much more than just financing” Key points: • The $1 billion loan goes beyond infrastructure financing — it is a tangible example of how South Africa’s participation in BRICS delivers real economic benefits. • The New Development Bank has become one of South Africa’s key sources of long-term development finance, supporting projects in water, sanitation, transport, energy and urban infrastructure. • By helping modernise cities and essential infrastructure, BRICS institutions are contributing to South Africa’s long-term economic competitiveness and expanding its access to development financing and international partnerships. 👉🏻 Read more in English