ASSOCIATION REPORT
How China perceives SA as an investor destination (and it is not a rosy picture)
An interesting report on the development of Chinese enterprise in SA was released on December 8 by the SA-China Economic and Trade Association (Saceta). The association tracks the progress of Chinese investment in SA, provides services to Chinese enterprises and assists in business management. The report objectively analyses the macroeconomic situation in SA including opportunities and challenges facing Chinese investment into the country. It provides a useful insight from an influential foreign investor. Africa is seen as an important emerging market with special significance for the internationalisation of China’s renminbi. In April 2015, the People’s Bank of China and the South African Reserve Bank signed a 30-billion renminbi/R54bn bilateral currency swap agreement for a three-year period with an option to renew, for the purpose of facilitating bilateral trade and investment and maintaining regional financial stability. On July 8 2015, the Bank of China (Johannesburg branch) was...
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