SA 'aggressively' seeking Chinese investment

[dArKeR]

South Africa was "aggressively" seeking greater investment from China, despite local fears of foreign competition. "We want greater investment in South Africa," Deputy Foreign Minister Aziz Pahad said.

He told reporters in Pretoria that what South Africa would lose in certain sectors -- such as textiles and clothing -- it would gain in others, such as mining, tourism and energy.

"China is developing into a major economic superpower and we need to take advantage of that," Pahad said.

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