Tag: South Africa
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South Africans in Wuhan Wait and Wonder When They’ll be Evacuated
Hundreds of South African nationals stranded in Wuhan, China are growing despondent in response to the lack of any update from officials in Pretoria over their planned evacuation. When President Cyril Ramaphosa announced plans for the evacuation, he said it would ...
Chinese Ambassadors in Africa Amplify Beijing’s New Line That COVID-19 Isn’t “Made in China”
Chinese diplomats in Africa are really stepping up their efforts to try and persuade everyone that COVID-19 did not originate in China. Last week Ambassador Wu Peng in Kenya used this line and now Lin Songtian in South Africa appears to be ...
Is a Chinese-funded Aquaculture Technology Demonstration Center in South Africa a Ghost Ship?
In 2006, the Chinese government began a program of delivering agricultural aid to Africa through establishing Agriculture Technology Demonstrations Centers (ATDC), aimed at stimulating local development and also promote Chinese commercial and diplomatic interests in Africa. Some of these ATDCs have been beneficial, but many others are ...
It’s Official: South Africa Is in Recession and COVID-19 Is Making Things Much Worse
The South African government confirmed what investors had long suspected: the economy slipped into recession at the end of last year. New GDP data released on Tuesday by Stats SA reveals the economy is officially in recession and growing at the slowest rate since the financial crisis ...
“Evacuation Details Under Wraps so We Can’t Spill It to the Media”
The 151 South Africans who have signed up to be evacuated from Wuhan, the epicenter of the COVID-19 outbreak, are anxiously awaiting details about when the operation will take place. At present, they don't even have basic information, for example when they're expected to be at the ...
South African Agriculture Struggles Amid COVID-19 Trade Disruptions
John Purchase, CEO of the South African agriculture chamber of commerce, Agbiz, spoke with CNBC on Monday about the impact that worsening trade disruptions are having on the local agricultural sector. Purchase said farmers are already starting to experience financial losses, particularly since products like the grapes ...
Without South African Chrome, There Can Be No Chinese Stainless Steel
Coming off the N4 motorway near the small town of Marikana in South Africa’s platinum landscape, one almost immediately encounters the huge Tharisa Minerals mining operation. This gigantic open cast mine was started in 2009 for the production of chromium concentrate and platinum group metals (PGM) and ...
Africa’s Largest Bank Makes Donation to Support the Fight Against COVID-19
Africa's largest bank, South Africa-based Standard Bank, made a $50,000 donation to the COVID-19 relief effort in China. Sim Tshabalala, CEO of Standard Bank South Africa made the donation on Monday during a ceremony with Chinese Ambassador Lin Songtian. It's worth noting ...
Black Monday in Johannesburg: The JSE Had One of Its Worst Trading Days in 20 Years Over Mounting COVID-19 Concerns
Share prices on Africa's leading index, the Johannesburg Stock Exchange, plummeted on Monday amid surging investor fear over the economic damage caused by the escalating COVID-19 crisis. The JSE shed 4.5% in trading yesterday, making it one ...
The African Mobile Market Attracts a New Chinese Device Maker
Vivo is the latest Chinese phone maker to set it sights on the growing demand for mid-range devices. Although little known outside of China, Vivo is actually the world's sixth-largest mobile phone company and well-positioned to challenge other Chinese rivals in the African market, namely Transsion Holdings ...
Public Relations with Chinese Characteristics
The Chinese approach to public relations often comes under fire by groups that espouse values of engagement and transparency. There is an attempt to measure Chinese PR performance against liberal democratic ideals, and unsurprisingly, those using this metric often come up disappointed time and time again. ...
The Rise of Chinese Private Sector Investment in Africa
Chinese investors have been wary of the African market. For a long time, China's cash-rich venture capital, private equity, and corporate investors have preferred the stability in the U.S. or the cultural familiarity in Southeast Asia's markets. Africa, in their view, ...