Brics
Ramaphosa is 'last hope' for SA, Chinese diplomat says
Upgrading South Africa’s antiquated railway network, modernising Durban port and reforming power firm Eskom would also help bring in Chinese money.
Xi added that in such circumstances, the BRICS countries should 'increase our resilience and capability to cope with external risks.'
When the plunge of global oil prices in 2014 blew a hole in the Congolese government's finances, it was China that stepped in to help.
A bank official has told Reuters that $480 million is aimed at Eskom’s Medupi power station.
The meeting is expected to bring together role-players from around the globe.
The two nations will solidify these relations further by signing agreements on higher education and training, arts and culture, home affairs, defence and energy among others.
Jair Bolsonaro was sworn in as Brazil's 38th president on Tuesday, taking the reins of Latin America’s largest and most populous nation.
The Argentinian capital city hosted the two-day G20 Summit where leaders deliberated on crucial issues like climate change, world trade and tax reform.
This year’s two-day gathering is a major test for the Group of 20 industrialized nations, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades.
Designer Palesa Mokubung says she had to come up with something she had never done before as an artist.
Economists estimate that every $100 billion of imports hit by tariffs would reduce global trade by around 0.5%.
Having infamously scrambled for the continent 120 years ago, Western leaders are today seeking to dance here, writes Jean-Jacques Cornish.
At the last three-yearly gathering in Johannesburg in 2015, Xi announced $60 billion of assistance and loans for Africa.
The Johannesburg BRICS summit delivered a mixed bag when judged on these two criteria.
Jean-Jacques Cornish says strictly speaking, today BRICS encompasses China, India and the worst performing three emerging economies on earth.
Brazil, Russia, India, China and South Africa agreed at the three-day meeting to fight unilateralism and protectionism.
President Cyril Ramaphosa initiated the remarks, he says the economic development of all BRICS countries have been affected by technological advancements.
He's told the gathering that the fourth industrial revolution affects all developing nations and the task now is to stimulate investment.
Cash-strapped Eskom reported a R2.3 billion ($175 million) loss for the financial year which ended in March.