Strengthening economic co-operation between South Africa and China (IOL)

The China-Africa Development Fund has committed to invest over $5.5 billion (R80bn) in 37 African countries and leveraged $26bn in investment and financing from Chinese enterprises in Africa. The fund has invested and financed a number of key projects in South Africa in sectors such as electricity, energy, home appliances, cement and culture thereby making a substantive contribution to South Africa’s industrialisation, job creation and the improvement of people’s lives. Click here to read full article.