While preparing for the summit, South African President Cyril Ramaphosa sat down with his Chinese counterpart Xi Jinping.
, South Africa’s biggest finance newspaper, underscoring the thoughts swirling in the corridors of power in Pretoria.
“Ramaphosa does indeed need to make the best of Xi, who is in any case probably the most powerful world leader of the moment. Casting himself as somehow a leader like Xi is essential to the image Ramaphosa is seeking to create for the elections next year,” says Stephen Chan, a South Africa expert at the University of London.
In 2015, the Industrial and Commercial Bank of China acquired a controlling stake in Standard Bank, South Africa’s biggest lender. Additionally, between Beijing and Pretoria stands at $56bn, which saw China overtake the West as South Africa’s biggest trade partner.signed between China and South Africa early this month.Also receive offers from The Africa ReportBut beneath the glitter of China’s lucrative commercial deals with Pretoria is a host of disputes that Ramaphosa hopes Xi’s senior officials could help soothe.
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