Top stories
Marketing & Media100 industry leaders to take the stage at SA’s largest CMO event
CMO Summit 5 Aug 2026
Subscribe & Follow
Advertise your job vacancies
Jobs
- Head of Integrated Business Planning & Finance Cape Town
- Demand Planner Plus Cape Town
Cash, not politics, is what draws Chinese firms to Africa
China's government may have high-profile political and strategic reasons for seeking closer ties with Africa, but its companies are here mostly for the money, analysts say.
A case in point: the move by the Industrial and Commercial Bank of China (ICBC) to buy 20% in Standard Bank, which at R36.7 billion is China's biggest financial acquisition.
"Chinese companies, of course, operate as economic entities, and they very much pay attention to the bottom line," said Barry Sautman, an expert on Sino-Africa ties at the Hong Kong University of Science and Technology.
Read the full article
