Pretoria - South Africa's success as the new member of Brics will be determined by how Pretoria relates to the rest of Africa and how it will use its membership of the group to address critical issues facing the continent, says Trade and Industry Minister Rob Davies.

"I think that will be our major area that we will be judged on ... the issues are vast and we need to ensure that we take the rest of Africa with us because the way we relate to the rest of the continent will be very important to make our participation in Brics a success," Davies said on his return on Sunday from the Brics Leaders Summit held in China.

As the only African country in Brics, South Africa was expected to push for Africa's integration in trade and policies with the other four Brics members - Brazil, Russia, India and China, Davies said, adding that building a domestic market that cut across Africa will be ideal for South Africa if it's to survive amongst these four powerful emerging economies with a combined population of more than three billion.

Joining Brics also meant that South Africa must use this position to craft a more vigorous trade and investment programme to ensure its voice and that of the continent is heard in the broader international platforms such as the G20 and the UN Security Council.

The three-day Brics meeting, which ended in Sanya, China, on Friday, also called on the speedy achievement of the targets for the reform of the International Monetary Fund agreed to at the recent G20 summit, and reiterated that the governing structure of the international financing institution should reflect the changes in the world economy.

Pretoria - The Industrial Development Corporation is to invest R102 billion in the next five years to aid the development of industry, Economic Development Minister Ebrahim Patel said on Tuesday.

"The IDC will substantially increase the level of industrial funding and will make available R102 billion over the next five years for investment in New Growth Path priorities," Patel said as he tabled the department's Budget Vote.

The R102 billion has been revised upwards from the previously allocated R66 billion in its current five-year projections.

Over the next five years, green industries will be allocated R22.4 billion, while mining and beneficiation will be allocated R22.1 billion. Manufacturing will receive R20.8 billion while the agriculture value chain will receive R7.7 billion.

Tourism, creative industries and high level services will receive R14.8 billion with funding to distressed companies receiving R2.5 billion, followed by strategic high impact projects receiving R11.1 billion and venture capital receiving R500 million.

The allocations will be reviewed annually.