ECONOMY

 

SA’s industry boosted by China’s investment

NEWS

June 30 th, 2015

SA’s re-industrialisation needs investment from countries like China, said chief economist of SA’s Engineering and Steel industry Federation, Henk Langenhoven via Xhinhua. Official data showed that bilateral trade between China and Africa exceeded R2,692 billion since 2014. China has been the largest African trading partner for the past five years. China dominated the list of exporters to SA according to Langenhoven. SA’s number of challenges offer direct investment opportunities for countries such as China. The investment must focus on energy sectors. Africa is rich in hydrocarbons, awash with hydroelectricity and the oil and gas industries are great opportunities to get potential investors.

 


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