Country: South Africa
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China Floats Ideas for “Multipolar” Currency System to Balance U.S. Dollar
China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.
Chinese Defense Minister Calls for Closer Cooperation with South Africa
Dong Jun, China’s Minister of Defense, called for closer military cooperation with South Africa following a meeting with General Rudzani Maphwanya, chief of the South African National Defence Force, in Beijing on Tuesday. Dong said Beijing is ready to work with Pretoria against outside “bullying and hegemony.”
After Trump Cut Funding for Energy Transitions Overseas, Could China Step In?
By Zhou Xiaozhu On the day he became president again, Donald Trump signed an executive order to take the U.S. out of the Paris Agreement on climate change. That was followed by a termination of U.S. funding pledged during the Biden ...
Africa May Have to Give Up on the United States
It was during the recent meeting between U.S. President Donald Trump and South African President Cyril Ramaphosa — just as the lights dimmed, Trump cued up a video presentation, and the whole encounter veered into political theater — when the question hit me: what is this all ...
Taiwan Accuses China of Playing “Little Tricks” in South Africa
Taiwan Foreign Minister Lin Chia-lung accused China of playing "little tricks" in South Africa as part of a campaign to force Taipei to move its representative office from the capital Pretoria to the commercial hub in Johannesburg. Lin's comments on Friday followed ...
China Advises Its Firms in Africa to Avoid Political Entanglements
Chinese businesses traditionally believe “guanxi” (关系)—building close ties with governments—is key to success, a mindset shaped by China’s own political system. But in Africa, this backfires. In a rare move, an official Chinese government publication is advising Chinese companies operating in ...
Model Meets Reality: The Africa–China Export Forecast That Delivered
In an era where economic uncertainty often renders forecasts obsolete before they materialize, Africa’s export performance to China between 2022 and 2026 stands out as a compelling exception. Projections that I made together with Professor Reon Matemane, an associate professor at the University of Pretoria, in ...
How to Deter Kidnappers and Win Staff Loyalty: Security Lessons for Chinese Merchants in Africa
A Chinese business owner in South Africa was recently kidnapped, underscoring the growing risks faced by expatriate entrepreneurs. In response, the WeChat public account 南非天天报 (South Africa Daily News) published a comprehensive guide offering local Chinese merchants practical advice to avoid such threats. ...
China’s Strategic Pursuit of Nuclear Energy Dominance in Africa
By Innocent Batsani-Ncube China is strategically positioning itself to exert significant influence over Africa’s nuclear energy sector in the coming decades. Presently, Russia and France dominate this emerging industry, with the United States playing a lesser role; however, China’s calculated initiatives ...
BYD Goes on the Offensive in South Africa With the Launch of Three New Models
Chinese auto major BYD is moving aggressively to expand in the South African market with the launch of three new models this week, including their full-size electric pickup, a hybrid SUV, and an all-electric sedan. South Africa is an alluring market ...
South Africa’s Active Yet Unequal Trade With China
From afar, the China-South Africa trade relationship looks amazing. Last year, the two countries sold more than $52 billion worth of goods to one another — mostly raw materials from South Africa and finished goods from China.
China, Africa and the Post-American World
During his Senate confirmation, U.S. Secretary of State Marco Rubio denounced the so-called "liberal international order" that he said was obsolete and no longer working for the United States. Since he and his boss, President Donald Trump, took office eight weeks ...