China's R94bn SA stake
03 December 2015 - 02:20
China signed 26 agreements pledging to invest R94-billion in South Africa to support its flagging economy and boost its own exports as President Xi Jinping met President Jacob Zuma ahead of a summit this week with African leaders. The deals include a $2.5-billion credit line provided by China Export & Credit Insurance to Transnet for electrical and mechanical equipment, and a $500-million China Development Bank loan-finance accord to help Eskom complete its power plant construction plan.
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