HONG Kong-listed Shanghai Zendai is going ahead with its grandiose plans to build a colossal mixed-use city in the sleepy village of Modderfontein, northeast of Johannesburg, despite talk that China’s economic slowdown could potentially derail Chinese infrastructure projects in Africa.China overtook the US in 2009 to become Africa’s single largest trading partner. Over the past decade, Chinese companies have invested billions in infrastructure and property development projects across the continent — from roads, rail lines and power plants to schools, shopping malls and housing developments.FNB property strategist John Loos says given the extent of China’s trade with Africa, the continent won’t be insulated from the global commodity price slowdown and drop-off in Chinese consumption.However, Anthony Diepenbroek, the man driving the multibillion-rand project on behalf of Zendai, says China’s slowdown won’t hamper the 15-20-year rollout of Modderfontein New City.The Chinese developer b...
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