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South Africa's government supports a mixed economy says President Zuma in annual ANC statement.
January 13, 2013Comments Off on Zuma wants public-private partnershipRead More
Adcorp Employment Index release positive figures for South Africa.
January 10, 2013Comments Off on Employment levels rise in South AfricaRead More
Nelson Mandela has recovered from a lung infection and an operation to remove gallstones.
January 7, 2013Comments Off on South Africa’s beloved Madiba recoversRead More
South Africa is to send additional troops to the Central African Republic to support President Francois Bozize.
January 7, 2013Comments Off on South Africa expands military deploymentRead More
BRICS countries believe South Africa can use its influence in exploiting the continent’s investment opportunities.
January 2, 2013Comments Off on South Africa to help BRICS develop in AfricaRead More
South African President Jacob Zuma has been re-elected as leader of the governing ANC.
December 18, 2012Comments Off on Zuma eases to election victoryRead More
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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.
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