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African Calls to Onshore Manufacturing From China Grow Louder but Investors Urge Caution

During a recent speech where he unveiled an R800 billion rescue package to combat the effects of the COVID-19 crisis, South African Finance Minister Tito Mboweni also laid out an ambitious vision for what he would like to see once the current crisis has subsided. 

“When companies rise from the ashes they should be thinking of new ways of doing business,” he said and as part of that, he would like to see the growth of the country’s manufacturing sector with less dependency on imported goods from China.

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