Chinese firm opens US$45m plastic waste recycling plant in Kenya Weeco Recycling Company plans to set up another one in Mombasa Weeco Recycling Company, originally from China, opened the recycling plant in Athi River town in Eastern Kenya. The plant has the capacity to process 2 000 tons of PET bottles every month, which equates…
Chinese President Xi Jinping launched his grand vision in 2013 The plan incorporates two physical routes linking China to a network of countries in Europe, Asia and Africa Africa falls into the Maritime Silk Road route that begins in China and passes along the Ocean littoral to East Africa and then follows onto Europe. The…
The 21stcentury is said to belong to China, but the 22ndcentury could be Africa’s The rising of the African Century could be due to rapid Chinese investment coupled with homegrown innovation Since 2000 China has invested or committed to invest in excess of $359 billion in Africa, according to the China Investment Global Tracker. This…
Trade and Industry Minister Rob Davies praises R72 million investment in Hisense factory in Cape Town 150 jobs created Hisense started producing a television production line in Johannesburg in 2000. This was its first foray into South Africa. In 2013, it expanded to Cape Town with a R350 million plant in Atlantis. The company expanded…
China has significantly reduced poverty in a decade South Africa can learn lessons, especially having appropriate policy and disciplined implementation South Africa could learn some lessons from China on how to reduce poverty. Over a decade China reduced poverty to such an extent that now only 1.4% of its population are classified as extremely poor.…
China has pledged $60 billion to finance projects in Africa Eskom has secured a loan with the China Development Bank of $33.4 billion. South Africans fear China is ‘taking over’ Africa The outcry by South Africans that China is trying to recolonise Africa are based on a number of myths. Myth 1: Infrastructure financing China’s…
The label ‘Made in China’ used to mean poor quality, cheap products – but this is no longer true Most workers enjoy decent working environments, not slave-like conditions China has a reputation for producing poor quality products in slave-like conditions. While this may be true of some manufacturers, these are in the minority. One widely…
China is considering to postpone its “Made in China 2025” technology plan that aims to develop local expertise and skills and reduce the nation’s reliance on foreign technology. According to sources that spoke to Bloomberg, the country is revising its plans to become an advanced manufacturing leader within a decade until 2035. Initiated in 2015,…
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…