The Brics grouping - a decade on

THE recent Brics summit held in Brazil in mid-November marked the group's 11th anniversary. The agenda included the New Development Bank and its role in promoting infrastructure and sustainable development.

Consisting of Brazil, Russia, India, China and South Africa, the Brics nations were hotly touted as the economies to watch 10 years ago. They were large, emerging and promising, with many analysts and market watchers recommending them as the "go-to" places for investors. But as we enter a new decade, many things have changed.

Rocked by geopolitical changes