South Africa : China’s 14.7 billion dollars investment in the country

President Xi Jinping of China, left, inspect the honor guard during an official welcoming ceremony at the government's Union Buildings, in South Africa. © RR

Casablanca, (ADV) – China would invest $14.7 billion in South Africa President Cyril Ramaphosa said on Tuesday after talks between the two countries, news that sent the rand one percent firmer.

Speaking at the same event, Chinese President Xi Jinping said the world’s second-biggest economy would take active measures to expand imports from South Africa to support development in Africa’s most industrialized economy.

© Bur-csa – ADV