China, S. Africa ink $2.5 billion in deals in Dalai Lama’s shadow
BEIJING, Sept 29 – China has agreed to $2.5 billion in investment projects with South Africa, the African nation’s deputy president said on Thursday, on a three-day trip to China during which he brushed off controversy over a potential visit by the Dalai Lama.
Deputy President Kgalema Motlanthe said the agreement was made between the Development Bank of South Africa and China Development Bank, and that the two countries had also signed an memorandum of understanding on “geology and mineral resources”.
Source: Reuters Africa newsletter
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