Ramaphosa learns lessons in China | Fin24
 
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • Govt Pension Fund

    The fund says it would be wrong to dismiss R250bn Eskom bailout proposal without all the facts.

  • Sovereign Wealth Fund

    Questions around the fund's scope & mandate remain unanswered, writes Dr. Malan Rietveld.

Loading...

Ramaphosa learns lessons in China

Jul 19 2015 20:00

Johannesburg - Deputy President Cyril Ramaphosa returned to South Africa on Sunday from an official visit to the People's Republic of China.
 
His delegation held strategic bilateral political and economic discussions with his counterpart, Vice President Li Yuanchao and with Premier Li Kieqang, as well as with provincial and local leaders of the Communist Party of China.
 
The bilateral discussions focused on trade and investment cooperation, financial cooperation, including on the Brics New Development Bank, infrastructure development, energy, vocational training and South Africa's hosting of the Forum on China-Africa Cooperation (Focac) later this year.
 
Key outcomes
 
China said it will continue to work with South Africa in implementing the five to ten year strategic programme of cooperation signed during an SA state visit to China in December 2014.
 
China will assist South Africa to advance its industrialisation process, develop its special economic zones, fast-track its infrastructure build programme, develop its oceans economy, develop its human resources and access development financing.
 
The Chinese Academy of Governance agreed to a placement of South African government officials and business leaders on a training and skills development programme.
 
According to the Presidency, the Chinese companies expressed an interest in establishing or expanding existing operations in South Africa.

Several undertook to provide training opportunities to young South Africans in China. This included an offer from Huawei to support a five-year ICT training programme for 1 000 South African students aiming to pursue a career in technology and innovation.
 
Ramaphosa and his delegation to examined how lessons from the Chinese model of state-owned enterprises (SOEs) could assist South Africa in promoting industrialisation and economic development.

cyril ramaphosa  |  china  |  sa economy
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
14 comments
Comments have been closed for this article.
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...