Ramaphosa is last hope for SA, says Chinese ambassador
Diplomat says his country wants to see favourable conditions enshrined in an investment law
President Cyril Ramaphosa is the “last hope” for Africa’s most advanced economy, but his government must turn incentive policies into laws to secure more Chinese investment, China’s ambassador to SA says.
China is SA’s largest trading partner and has pledged more investment than any other country since Ramaphosa embarked on a drive in 2018 to attract about R1.4-trillion of new investment to lift the economy out of a slump. While it has attracted R779.9bn in total pledges, including from Saudi Arabia and the United Arab Emirates, the drive has so far done little to ease crippling unemployment or boost economic growth...