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South African Budget does not raise any new taxesCommitments made at the 2018 and 2019 Investment Summits haven't been factored into the GDP growth forecasts. |
February 26, 2020Comments Off on South African Budget does not raise any new taxesRead More |
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The official opposition said the government could easily solve the electricity crisis by removing regulatory hurdles.
February 10, 2020Comments Off on South African Energy Minister allows mines to self-generate electricityRead More
Chinese traders will hold back from buying as they wait for the economic impact of the coronavirus to stabilize.
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.