Connecting Africa to China
China commits investment of R194 billion to South Africa China commits investment of R194 billion to South Africa
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... China commits investment of R194 billion to South Africa

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 fo the visit is also to discuss a number of issues relating to South Africa’s relations with China. Ramaphosa said the investment shows that China is ready to work with South Africa in the following sectors:

  • Oceans & Green Economy
  • Science & Technology
  • Agriculture
  • Environment & Finance

South Africa signed two Memorandums of Understanding signed with China. The MoUs are intended to improve trade issues and simplification of visas between South Africa and China.

WhyChinese

No comments so far.

Be first to leave comment below.

Your email address will not be published. Required fields are marked *