South Africa: President Zuma Arrives in China for G20

President Jacob Zuma has arrived in Hangzhou, China, to attend the G20 Leaders’ Summit.

President Zuma will engage in talks at the summit, which kicks off on Saturday, over the work of the G20 this year, which had adopted the overarching theme of ‘Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy’.

South Africa is a member country of the Group of 20 (G20), which consists of 19 countries, with the European Union being the 20th member. South Africa’s participation in the G20 is aimed at advancing the national agenda, which is creating a better South Africa and contributing to a better and safer Africa and a better world.

The country’s participation in the G20 is to provide strategic foresight in establishing an economic and international policy platform that will drive and negotiate the best possible outcomes for South Africa, Africa and the developing world.

China Makes Biggest South Africa Auto Investment in 40 Years

A Chinese state-owned car manufacturer agreed to build an 11 billion-rand ($759 million) auto plant in South Africa, the biggest investment in a vehicle-production facility in the country in four decades.

The Beijing Automotive International Corp. plans to start production at the facility in 2018, International Chief Executive Officer Dong Haiyang told reporters in the southern coast city of Port Elizabeth on Tuesday. The plant will be built in partnership with South Africa’s state-owned Industrial Development Corp. and have a capacity of 100,000 units a year by 2027, he said at the the industrial development zone where the factory will be located.

“South Africa’s automotive industry has received a major shot in the arm with the announcement of the biggest greenfield investment in 40 years,” the companies said in a joint statement.