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A major priority for South Africa during the Summit will be the establishment of a BRICS Development Bank.
South Africa needs to reach at least 5 per cent growth a year in order to stimulate the job market.
South Africa's finance minister says the country needs to continue along a path of moderate growth in spending.
Rob Davies says the BRICS have changed Africa’s traditional trade and investment relations.
Since 2002 the Global Fund has committed 3.66 billion rand for HIV and AIDS in South Africa.
China has asked the world to be less suspicious of its relationship with Africa.
The Durban initiative will strengthen economic ties, trade and investment between the BRICS business communities.
South Africa says a BRICS-led bank could mobilise domestic savings and co-fund infrastructure in developing regions.
The two countries have set a trade target of $15 billion by 2014.
The UN peacekeeping mission MONUSCO with 19,000 troops had been unable to end the fighting.
