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

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:

BusinessTechSA /  🏆 24. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia 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 »