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Opinion

Africa for Africans with a little help from China

Terence Gregory, CEO, Ecsponent
July 30, 2018, 9:42 p.m.
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Word count: 1132

Last Tuesday, China pledged to invest $14.7bn in South Africa and grant loans to Eskom and SAA. While this investment brings the country closer to President Ramaphosa’s target to raise $100bn in foreign direct investment, some argue that China’s intentions are not what they seem. It is said that China is a mercenary lender, determined on weighing Africa down with debt to gain political influence access to the continent’s natural resources and precious metals.

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