Cyril Ramaphosa speaks after taking the oath of office at his inauguration as South African president at Loftus Versfeld stadium in Pretoria, South Africa May 25, 2019. [Reuters]
South African President Cyril Ramaphosa is the “last hope” for Africa’s most advanced economy, but his government must turn incentive policies into laws to secure more Chinese investment, a senior Chinese diplomat told Reuters.
China is South Africa’s largest trading partner and has pledged more investment than any other country since Ramaphosa embarked on a drive last year to attract $100 billion of new investment to lift the economy out of a slump.