There has been a steady increase of Chinese investment in South Africa since the China-Africa Development Fund was announced in 2007. At that time there was an initial investment of 5 billion dollars. In 2015, China boosted that by a further 60 billion dollars at Forum on China Africa Cooperation, of which 7 billion dollars was allocated to South Africa. Sumitra Nydoo takes up the story following a visit to Atlantis in Cape Town where Hisense recently opened a multi-million dollar manufacturing plant
- Category
- South Africa
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