Purpose
The FSWG, which forms an integral part of the BRICS Business Council, serves as a facilitator of cooperation through:
- Driving interaction among the business communities with a view to better understand the market opportunities, build synergies, and
- Performing the advocacy role between business and the broader BRICS community.
- Promoting cooperation for inclusive and sustainable economic development.
South African Financial Services
Working Group Leaders
Chairperson
Deputy Chairperson
Vacant
Subcommittee
- Brics Payments and Fintech – Chairperson, Prof Rajen Pillay, Chief Operations Officer, Garuda Capital
- (Re)Insurance – Ms Kgodiso Mokonyane – Head of Strategy, Risk and Compliance, Discovery Ltd
- CRA – Chairperson, Mr Zwelibanzi Mazia, Chief Operations Officer, SA Ratings
- SME – Mr Nhlanhla Nyembe – Divisional Executive SME and Rural Development, National Empowerment Fund
- ESG and Green Finance – Chairperson, Dr Lwandle Mqadi, Principal ESRG Specialist, Industrial Development Corporation
Key stakeholders
Projects/Issues/Themes
CRA, Green Finance, Insurance/Reinsurance, IA Alliance, Cooperation with NDB, BRICS Payment service, SME Initiative

Agribusiness
Aviation
Trade and Investment
Digital Economy and AI
Financial Services
Energy, Green Economy and Climate
Infrastructure, Transport & Logistics
Manufacturing
Skills Development, Applied Technology and Innovation