China to start direct trading between yuan, South African rand
The move will lower exchange costs, facilitating use of the two currencies in trade settlement and boosting bilateral investment, the China Foreign Exchange Trade System (CFETS) said in a statement.
Africa Economy: S. African rand gains value
The South African rand on Wednesday appreciated in value, hitting 14.25 against the U.S. dollar and recovering what it lost in December 2015.
Highlights
BAIC invests in major South African plant
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China's Huawei helps boost education in South Africa
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Chinese steelmaker HBIS looks abroad
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Chinese solar company launches plant in S. Africa
South Africa is next stop for train builder
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