South Africa Current Affairs

One Million Dollar Fund Established for BRICS Media

The Brazil-Russia-India-China-South Africa (BRICS) grouping has established a one million dollar fund for boosting media cooperation in the five-nation grouping. During the inaugural session of the BRICS Media Forum  held in Beijing, Xinhua News Agency and executive president of the Forum had announced that the Xinhua news agency will invest  one million U.S. dollars for bolstering BRICS media.

Salient Highlights

The BRICS media forum is a joint initiative of Xinhua News Agency, Brazil’s CMA Group, Russia’s Sputnik News Agency and Radio, The Hindu group of publications from India, and South Africa’s Independent Media.

BRICS Media is aimed at promoting six objectives including balanced reporting. It aims to create an alternative media narrative distinct from the media of western nations. The proposal is also aimed at joint development of BRICS digital media, financial information services and promoting people- to-people contacts.


BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. It was established in 2009. The BRIC [Brazil, Russia, India and China] idea was first conceived by Jim O’Neill of Goldman Sachs. In 2011, South Africa joined this informal group and BRIC became BRICS.

So far, eight BRICS summits have taken place. The first formal summit was held in Yekaterinburg, Russia. The BRICS members are all developing or newly industrialised countries and all five are G-20 members. They are distinguished by their large, fast-growing economies and significant influence on regional and global affairs.


Brazil wins inaugural BRICS U-17 Football Tournament

Brazil has won the inaugural BRICS U-17 Football Tournament 2016 held at Goa on the occasion of the 8th BRICS hosted in India.

In the final match, Brazil defeated South Africa by 5-1 goals. For Brazil goals were scored by Paulo Henrique Samapaio Filho (24th Minute), Vinicius de Oliveira (34th minute), Victor de Oliveira (40th & 61st minute).  For South Africa only goal was scored by S’miso Bophela .

Earlier in the match for the third place between Russia and China, Russia had defeated China by 2-1 goals.

About BRICS U-17 Football Tournament

  • The BRICS U-17 Football Cup is a under 17 Football tournament played among teams of five BRICS countries viz. Brazil, Russia, India, China and South Africa.
  • It was launched in October 2016 and seeks to transcend the traditional spheres of interaction and opens new vistas in the field of sports.
  • The tournament will take place once every year and following the lines of the tournaments under-17 FIFA. Each edition will be held in a BRICS nation.
  • In it, all five teams shall play each other in a round-robin before the top two teams qualify for the final and the third and fourth place teams play in the third-place match.