What you need to know about the new direct marketing guidance note
Nadine Mather and Chloë Loubser
DBSA and Chinese bank sign investment deal
China has agreed to invest R19,5-billion in South Africa after an agreement was reached between the Development Bank of Southern Africa and the China Development Bank.
According to South Africa's Deputy President Kgalema Motlanthe, who is on a three-day visit to China, the agreement between the two banks followed the signing of a Memorandum of Understanding on "geology and mineral resources".
South Africa currently exports minerals worth about $5,5-billion a year to China and has increasingly viewed that country as a source of foreign direct investment.
Motlanthe says the deal between the two countries was intended to "strike a healthy balance" in trade volumes. No details of the specific investments being made by China have been released.
Related
