{"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&#8217;s Second-Largest Lender"},"content":{"rendered":"<p>Another Chinese bank is considering investing in South Africa. From <a href=\"http:\/\/www.africasia.com\/services\/news\/newsitem.php?area=africa&#038;item=080404044055.m72dukoz.php\">IC Publications<\/a>: <\/p>\n<blockquote><p>\nA major, but unidentified Chinese bank is in talks to buy a stake in <a href=\"http:\/\/en.wikipedia.org\/wiki\/South_africa\">South Africa&#8217;s<\/a> second-largest lender <a href=\"http:\/\/en.wikipedia.org\/wiki\/First_National_Bank_%28South_Africa%29\">First National Bank<\/a>, the state-controlled China Daily newspaper reported Friday.<\/p>\n<p>If carried out, the transaction will follow in the footsteps of Industrial and Commercial Bank of China, the nation&#8217;s top lender, <a href=\"http:\/\/www.thestar.com\/Business\/article\/309443\">which recently agreed to buy a 20 percent stake<\/a> in South Africa&#8217;s Standard Bank.<\/p>\n<p>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<p>For more information on China&#8217;s recent investments in Africa, see the <a href=\"http:\/\/www.chinadaily.com.cn\/bizchina\/2008-03\/20\/content_6552287.htm\">China Daily<\/a> article on Africa-China trade relations and an <a href=\"http:\/\/allafrica.com\/stories\/200803251021.html\">All Africa<\/a> article on China&#8217;s interest in African mining investments. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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 [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Chinese Bank Wants Stake in S. Africa&#039;s Second-Largest Lender<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/04\/africa-bank-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Chinese Bank Wants Stake in S. Africa&#039;s Second-Largest Lender\" \/>\n<meta property=\"og:description\" content=\"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&#8217;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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2008\/04\/africa-bank-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2008-04-04T05:18:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Morgan Figuers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Morgan Figuers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/africa-bank-investment\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/africa-bank-investment\/\"},\"author\":{\"name\":\"Morgan Figuers\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/a7994977c925fc3b4ba5767a53dacd46\"},\"headline\":\"Major Chinese Bank Wants Stake in S. 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