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/ 26 October 2007
China has served notice it is accelerating its investment drive in Africa towards full throttle with the planned ,6-billion cash purchase of a major stake in Standard Bank by Beijing’s biggest lender. China’s ICBC bank said on Thursday it is to buy 20% of Standard Bank, the biggest foreign acquisition by a Chinese commercial bank to date.
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/ 17 October 2007
The struggling global trade negotiations are looming large over a South Africa-India-Brazil summit this week, after the United States said the developing countries were putting the talks in peril by refusing to open up their manufacturing markets. The three countries came together around 2000 to strengthen ties between developing countries.