{"id":18978,"date":"2008-04-03T22:18:56","date_gmt":"2008-04-04T05:18:56","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2008\/04\/africa-bank-investment\/"},"modified":"2008-04-03T22:18:56","modified_gmt":"2008-04-04T05:18:56","slug":"africa-bank-investment","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2008\/04\/africa-bank-investment\/","title":{"rendered":"Major Chinese Bank Wants Stake in S. Africa’s Second-Largest Lender"},"content":{"rendered":"
Another Chinese bank is considering investing in South Africa. From IC Publications<\/a>: <\/p>\n \nA major, but unidentified Chinese bank is in talks to buy a stake in South Africa’s<\/a> second-largest lender First National Bank<\/a>, the state-controlled China Daily newspaper reported Friday.<\/p>\n If carried out, the transaction will follow in the footsteps of Industrial and Commercial Bank of China, the nation’s top lender, which recently agreed to buy a 20 percent stake<\/a> in South Africa’s Standard Bank.<\/p>\n Chinese banks and other enterprises have been more aggressive buyers of overseas assets in recent years, helped partly by a strengthening of the Chinese currency since it was de-pegged from the US dollar in mid-2005.<\/p><\/blockquote>\n For more information on China’s recent investments in Africa, see the China Daily<\/a> article on Africa-China trade relations and an All Africa<\/a> article on China’s interest in African mining investments. <\/p>\n","protected":false},"excerpt":{"rendered":" Another Chinese bank is considering investing in South Africa. From IC Publications: A major, but unidentified Chinese bank is in talks to buy a stake in South Africa’s second-largest lender First National Bank, the state-controlled China Daily newspaper reported Friday. If carried out, the transaction will follow in the footsteps of Industrial and Commercial Bank […]<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[3022,5871,134,1374],"class_list":["post-18978","post","type-post","status-publish","format-standard","hentry","category-economy","tag-africa-investment","tag-africa-oil","tag-economic-growth","tag-mines","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n