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Brazil's president says the move will cost her government $3.8 billion in tax revenues a year.
Rob Davies says the BRICS have changed Africa’s traditional trade and investment relations.
The chairman of the CPPCC says China will uphold and develop socialism with Chinese characteristics.
Medvedev wants to boost non-energy exports by 60-70 per cent in the next five years.
Since 2002 the Global Fund has committed 3.66 billion rand for HIV and AIDS in South Africa.
Initiatives to boost economic ties include the establishment of the India-South Africa Joint Ministerial Commission.
Jim Yong Kim will meet with prime minister Manmohan Singh and finance minister P. Chidambaran.
South Africa is to host the BRICS summit in Durban on March 26-27.
China has asked the world to be less suspicious of its relationship with Africa.
