Country: South Africa
South Africa’s Rand Merchant Bank and China Construction Bank Boost Ties for Trade, Financing
South Africa’s Rand Merchant Bank and China Construction Bank have extended a partnership for another five years to foster trade relations between China and Africa. The two will focus over the next five years on supporting customers within the China-Africa corridor ...
China’s “Marshall Plan” for South Africa Raises Questions
China Communications Construction Company (CCCC) has apparently provided a comprehensive blueprint to overhaul South Africa’s ailing infrastructure sector in order to kickstart growth. South African development is being dragged down by a joint crisis in its state-owned enterprises. Ongoing blackouts from its ...
Running Into BRICS Walls: Enlargement Won’t Help BRICS Establish a New World Order
By Felix Brender 王哲謙 The BRICS bloc’s announcement to open its doors to new members has triggered considerable coverage and commentary suggesting the BRICS are setting themselves up to establish a new global order as an alternative to Western dominance, economic woes across ...
Chinese Loans to Africa by Region, 2000-2022
From 2000-2022, countries in Southern Africa and East Africa historically borrowed the most from China primarily due to large-scale loans in Angola, Zambia, South Africa, Ethiopia and Kenya. In 2021 and 2022, the regional composition is distinct from previous years; lending ...
WEEK IN REVIEW: South Africa Reportedly in Negotiation With Chinese EV Giant BYD to Open Manufacturing Plant in the Country
South Africa is reportedly in negotiation with the Chinese electric vehicle giant BYD to open a manufacturing plant in the country, according to the cabinet. BYD, China’s best-selling car brand, launched its first e-vehicle in SA last year. South Africa has a robust auto-building sector, which includes a ...
Africa Climate Summit Ends With Anger at Western Dominance, Near No-Show from China
The African Climate Summit wrapped up on Wednesday with the adoption of the Nairobi Declaration. It calls for: Reforms of the international financing system to lower the cost of climate financing for poor countries via more concessional lending and targeted ...
Odd One Out: Argentina in BRICS?
By Bruno Binetti The decision of the BRICS to invite Argentina to become a full member in 2024 came as a surprise even to the Argentine government. President Alberto Fernández had lobbied to enter the club, but the expectations were so low ...
South African Avocados Are the Latest Entrant Into China’s Already-Saturated Market
Chinese consumers will soon be able to purchase South African avocados in their local supermarkets thanks to a new export agreement signed on the sidelines of last week's BRICS summit in Johannesburg. The move is part of a larger Chinese effort ...
South African Singer MOE’s Amazing Journey on China’s Top Singing Competition Comes to an End Following Show’s Cancellation
The South African singer who took China by storm earlier this month with a jaw-dropping performance on the country's most popular singing competition show, sent a note to her Chinese fans to thank them for their support following the program's abrupt cancellation.
A Closer Look At South Africa’s Electricity Deals With China
Details are emerging about expansive new cooperation agreements between South Africa and China on electricity. They were signed during last week’s BRICS summit in Johannesburg, and they were somewhat overshadowed by the focus on the bloc’s enlargement. But for South Africa, these deals ...