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« Uganda: Jacobsen finally wins sh151b thermal deal | Main | India: MoF nod for PPP rating today »April 24, 2007Why SA is China's Africa favouriteSource: Business Daily By Fred BidglandTHE acquisition late last year by Larry Yung Chi Kun, the son of former Chinese vice-president Rong Yiren, of an $800m slice of the South African company Anglo American sent shock waves through the international business community. Suddenly, as Kun became the fifth-richest man in SA, the world realised that China's communists had become the most voracious capitalists on the African continent. Posted by pichu at April 24, 2007 11:59 PM |
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