Eskom signed a US$2.5 billion (approximately R33 billion) loan agreement with the China Development Bank, the Utility said on Tuesday. The deal was announced at a signing ceremony held in Pretoria. Eskom said in a statement the facility will form part of the funding of Eskom’s build programme and specifically the Kusile Power Station. Befitting…
Two hundred new minibus taxi vehicles that will play a role in the ongoing effort to renew South Africa’s ageing minibus taxi fleet have arrived at the Durban Port from China over the past three weeks. The vehicles, imported from three different manufacturers in China, are part of a steady stream of about 250 vehicles…
Chinese President Xi Jinping has committed investments of US$14.7 billion (about R) to South Africa on his visit to South Africa this week. The investment was announced by South African President Cyril Ramaphosa at a media briefing held in Pretoria. Jinping is currently visiting South Africa while attending the Brics Summit in Sandton. The Purpose…
South Africa’s beneficial deals such as the BAIC auto plant, launched in Coega, outside Port Elizabeth, won’t be affected by trade tensions between the United States and China, business leaders from the two countries said. According to a report from Fin24, BAIC International chair Xu Hey said the so-called trade war between the two superpowers…
