News Formal

China signs deal to help South Africa’s state-owned companies

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Department of Public Enterprises has signed a collaboration agreement with China for support in state-run companies

The Department of Public Enterprises has entered into a Collaboration Framework Agreement with the China Development Bank , which the department says will enhance the sustainability of State Owned Companies .

“We are laying the foundation for a more sustainable path to ensure that our developmental goals as a country stay on track. This agreement is also a sign of our commitment as government to create an enabling environment for our SOCs. They are a critical lever to drive service delivery and economic opportunity to improve the lives of millions of South Africans,” DPE Minister Pravin Gordhan said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China promises more investment in South Africa if BEE is relaxedIt appears China is not a fan of all of SA’s policies, saying it will invest more in the country if and when BEE is relaxed.
Source: TheSAnews - 🏆 25. / 59 Read more »