Weekly news

03/03/2011 to 09/03/2011

Top Stories:                                                                                                          

 Keep an eye on immigrants to protect jobs – Business Daily (KEN)

 China Gas Deal Thwarts Sinopec’s Dealmaking Prowess – Wall Street Journal (USA)

 Benefits for China in New East African Resource Rush – China Realtime Report (CHN)

 Chinese boost Sierra Leone media – IT News Africa

 Construction of Massive Chinese Auto Plant in South Africa to Begin Soon – Bernama (MAS)

 Go east: African immigrants in China – Polity.org (ZAF)

Politics                                                                                                                 
Chinese government and labour brokers: lessons to be learned for South African employers and government – Political Analysis South Africa (ZAF)
08/03/12
The Labour Relations Amendment Bill, which is due to be enacted later this year, will more strictly regulate labour brokersin South Africa and how they are used by businesses. Cosatu’s protest action on 7 March called for an outright ban on labour brokers.

China feels “strong sense of responsibility” tocooperate with Africa: FM – People’s Daily Online (CHN)
06/03/12
China is “seized by a strong sense of responsibility” asAfrican people have chosen it as partners for cooperation,Foreign Minister Yang Jiechisaid here Tuesday. As a developing country, China is willing to work with African countries for a brightfuture, Yang said at a press conference held on the sidelines of the country’s annualparliamentary session

China: Foreign Policy Serves Domestic Development – Voice of America (USA)
06/03/12
Chinese Foreign Minister Yang Jiechi says the country’s top diplomatic priorities are to serve the needs of domestic development and safeguard sovereignty. His comments came in a wide-ranging news conference in Beijing Tuesday.

China and South Africa: BRICS Brothers – Caixin (CHN)
06/03/12
The past decade has seen China and South Africa become increasingly close in the areas of trade, development and investment, and it was China who invited South Africa to become the fifth BRICS member in 2010.

Keep an eye on immigrants to protect jobs – Business Daily (KEN)
04/03/12
A wolf devised a plan to dress in a sheepskin to prey upon a flock. Mingling with the sheep he fooled the shepherd and was penned in for the night. That night the shepherd wanted some mutton for his table and, mistaking the wolf for a sheep, promptly dispatched him with a knife there and then

Economics                                                                                                            

Standard Bank Eyes China, Africa Trade – Wall Street Journal (USA)
08/03/12
Standard Bank Group Ltd. is seeking to benefit more from the growing trade and investment between China and Africa, expanding its Africa business and looking for ways to cut spending outside the continent, it said Thursday.

China to offer renminbi loans to Brics – Fin24 (ZAF)
08/03/12
China is planning to extend renminbi loans to other major emerging Bric countries in another step toward the expansion of the yuan’s role in foreign exchange, the Financial Times (FT) reported on Wednesday.

JSE tracks global markets higher – Business Report (ZAF)
08/03/12
The JSE opened higher on Thursday amid optimism that the Greek debt problem was one step closer to being resolved. The local bourse was also tracking Asian markets which rose on Thursday on the back of hopes of more easing in the US and China.

South Africa Stocks: AngloGold, MTN, Richemont, RMI, Telkom Move – Bloomberg
07/03/12
The FTSE/JSE Africa All Share Index (JALSH) advanced for the first time in four days, gaining 0.5 percent to 33,566.43 by 1:13 p.m. in Johannesburg. The following are among the most active equities in the South African market today. Stock symbols follow company names.

S.African stocks lower on disappointing China data – Reuters Africa
05/03/12
South African stocks edged lower on Monday for a third consecutive session, led by resource stocks such as Gold Fields and Harmony Gold on the back of disappointing growth data from top commodity consumer China.

South African Rand Falls a Second Day as Chinese Growth Cut Knocks Metals – Bloomberg
05/03/12
The rand weakened to the lowest in a week and three-year yields reached the highest in more than a month after China lowered its growth target, damping prospects for South Africa’s commodity exports.

China committed to helping build Africa’s self-development capability – Forum on China-Africa Cooperation
05/03/12
China is committed to helping African nations to improve their abilities for self-development, Chinese Vice Commerce Minister Gao Hucheng said on Friday. Gao, also International Trade Representative of the Ministry of Commerce, made the remarks in an article published by Xinhua ahead of top Chinese political advisor Jia Qinglin’s visit to Africa.

China’s economics invasion of Africa – China in East Africa
03/03/12
In December 1999, a 24-year-old Chinese man called Zhang Hao lef behind the freezing winter of his native Shenyany city to fly to Uganda.  Zhang was nervous.  He spoke no English.  The journey was not even his idea, but that if his father, who had worked in uganda a few years before on a fishing project involving the Chinese government.

Nigeria Tilts Its Reserves to Yuan – Wall Street Journal (USA)
02/03/12
Nigeria’s central bank has added the equivalent of $500 million in Chinese yuan to its reserves and plans to buy seven times that amount, in a shift that underscores booming commerce between China and the African continent.

China’s boom lifts poverty – but Africa and Latin America lag behind target – The Sowetan (ZAF)
02/03/12
Some developing countries appear to have already met a United Nations goal to halve extreme poverty in the world’s poorest countries by 2015, thanks mainly to China’s economic boom, the World Bank says

Oil and Energy                                                                                                     

China Gas Deal Thwarts Sinopec’s Dealmaking Prowess – Wall Street Journal (USA)
06/03/12
Sinopec, or China Petroleum & Chemical Corp., has been on a shopping spree for energy assets globally from North America to Africa, led by its acquisition-minded chairman Fu Chengyu. But it’s an obscure deal at home that’s been troublesome for the state-backed deal machine.

Mining and Metals                                                                                                

South Africa Leads World in Chromium, but China Fears Growing – Resource Investigating News 
08/03/12
According to a January 2012 report from the US Geological Survey (USGS), world resources for chromium are greater than twelve billion tons of shipping-grade chromite, sufficient to meet conceivable demand for centuries. “About 95 percent of the world’s chromium resources is geographically concentrated in Kazakhstan and southern Africa,” the report said.

Benefits for China in New East African Resource Rush – Ethio Sun (ETH)
08/03/12
A new good diversion is stirring as recently unclosed stores of vegetable resources in East Africa emanate foe between Brazilian, Japanese, Indian, Irish, Anglo-Australian and Chinese investors.

Copper Mining in Africa – Copper Investing News
07/03/12
The race for natural resources in Africa includes copper, and South Africa, Zambia, and the Congo are particularly rich in the red metal. The continued rise in the price of copper, coupled with tighter supply worldwide, has intensified the desire of both large and small miners to increase their investment across Africa.

Benefits for China in New East African Resource Rush – China Realtime Report (CHN)
02/03/12
A new great game is afoot as recently uncovered stores of mineral resources in East Africa create competition between Brazilian, Japanese, Indian, Irish, Anglo-Australian and Chinese investors.

Telecommunications                                                                                            

Chinese boost Sierra Leone media – IT News Africa
05/03/12
Chinese company StarTimes Communication Network Technology on Thursday said it wants to invest in Digital television to ultimately to offer all average Sierra Leoneans affordable access.

Big boost for Sierra Leone media from Chinese Communications Network – Cocorioko International (SLE)
05/03/12
With comprehensive Digital Television in over 8 African countries, StarTimes Communication Network Technology, established in 1988 in China and which has also been playing the role of the most influential system integrator, technology provider and network operator in China’s broadcasting and television industry has expressed interest to not only invest its  financial resources  in Sierra Leone, but to also see how the average Sierra Leonean could have access to quality and affordable Digital television.

Hitachi expands IT footprint in Africa – The East African (KEN)
03/03/12
All too often the news is about what China or India is doing to expand into Africa.Recently, Japanese company Hitachi Data Systems bought South Africa-based IT company Shoden Data Systems as the Asian IT giant expands its footprint in Africa.

Transport and Infrastructure                                                                                 

China-Africa Cargo Service Launched – Times of Zambia (ZAM)
05/03/12
Kenya Airways has launched a cargo service between mainland China and Africa, a service that would see the  airline carry the cargo of up to five times more than their largest plane could carry.

To counter China, India aims at Africa toehold – Deccan Herald (IND)
02/03/12
Desperately seeking an entry into the resource-rich Africa, India has offered its capabilities in science and technology and institution building to the African countires. The idea behind the offer is to help African nations develop and market home-grown commercial products, which eventually will help them come out of their poverty

Construction of Massive Chinese Auto Plant in South Africa to Begin Soon – Bernama (MAS)
02/03/12
It’s all systems go for the construction of a multi-million Rand Chinese Vehicle manufacturing plant in South Africa’s Eastern Cape Province.

Investment                                                                                                            

Is China Taking Over Africa? – African Bulletin
09/03/12
Chinese invasion of Africa has been viewed by many, with a lot of mixed feelings. Some argue it is a “give and take game” in which the gain outweighs what they offer to the continent, while others are of the view that China is importing advanced technology to Africa and is playing a great role in Africa’s infrastructural development.

The Chinese Presence in Africa Probably Does Not Look like You Think it Does – Africa Answer Man
08/03/12
For quite a long time, I misunderstood the nature of the Chinese tidal wave in Africa. I thought that giant SOEs like SINOPEC and SINOHYDRO, laced with agents from the public security bureau – and the People’s Liberation Army of course, were essentially buying the African subsoil on the cheap where their cash went the farthest – resource rich and infrastructure poor countries with brutal, corrupt, or otherwise unsavory leadership.

Shaanxi seeks ties with Africa, Russia – China Daily (CHN)
07/03/12
Investment outflows from China’s coal-rich Northwest Shaanxi province will benefit from closer ties with African countries and Russia, said provincial governor Zhao Zhengyong at the Fifth Session of the 11th National People’s Congress on Wednesday.

China Beverage Maker Facing Challenges In Effort To Expand, Invest Overseas – Wall Street Journal (USA)
04/03/12
Chinese billionaire Zong Qinghou, whose Hangzhou Wahaha Group Co. is one of China’s largest beverage makers, says he is facing uphill challenges in an effort to expand and invest overseas at a time when the country’s leaders are urging China’s biggest brands to enter the global stage.

China ‘buying out’ Africa: Top 5 destinations of Chinese money – Christian Science Monitor (USA)
02/03/12
On a quest to secure raw materials and energy resources to support the exponential growth of its economy, China has become the fastest-growing investor in Africa. As of July 2010, China overtook the United States as the world’s largest energy user, according to the International Energy Agency (IEA), and much of that energy comes from African countries such as Sudan and Angola.

Zambia: Sata shuffles ministers to placate Asian investors – Africa Journalism
02/03/12
The former source of Chinese investors, President Michael Chilufya Sata, has reshuffled his Patriotic Front government toplacate Asian and other invetsors and to streamline economic policy.

Trade                                                                                                                    

Go east: African immigrants in China – Polity.org (ZAF)
07/03/12
In the recent year, the attention of major media organisations was spontaneously drawn to a new phenomenon – an increasing number of African emigration is now aiming for China as their new destination, and most of these immigrants concentrate on Guangzhou, a relative economically prosperous city in south China.

Wanted: products not made in China – New Internationalist Blog (ZIM)
04/03/12
A few weeks ago, I installed a new electric stove in my home. Following the manufacturer’s specifications, I bought some electric cables that had been imported from China and installed the stove. I studied physics up to tertiary level, so I knew what I was doing. After a few days, there was a short circuit: the cable had melted and the wires inside were now exposed, despite the fact that the cable was not directly exposed to heat. I went out again and this time I was looking for a cable specifically NOT MADE IN CHINA. I found one made in Africa and it has been working perfectly ever since.

Chinese Group on Hunt for Deals – Wall Street Journal (USA)
04/03/12
Chinese billionaire Zong Qinghou, whose Hangzhou Wahaha Group Co. is one of China’s largest beverage makers, says the company faces challenges in trying to expand overseas at a time when the country’s leaders are urging China’s biggest brands to take to the global stage.

Angola is China’s main trading partner in Africa – Club of Mozambique
02/03/12
China imports around 40 percent of Angola’s total oil exports, which accounts for 16 percent of China’s total oil imports, according to an eight-page supplement on Angola published in Beijing Wednesday by English-language newspaper China Daily.

Education                                                                                                             

China and UNESCO team up to support education development in Africa – United Nations Radio
02/03/12
Eight million US dollars in funding is being set aside to support educational development in Africa over the next four years, with a special focus on teachers.

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