China, the 2nd largest economy by gross domestic product (GDP) in the world in 2010 and a country with a population over a billion, is posing enormous business opportunities for the resource-rich and the fast-growing African continent with its increase in demand for commodities.
In the past decade, Africa has witnessed and welcomed Chinese investments in various industries ranging from mining, infrastructure developments, energy to financial services. The footprint of Chinese investments spans across the entire African continent, in countries such as Angola, Democratic Republic of Congo, Kenya, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe, amongst others.
China, which is also the largest trade partner of South Africa, further indicates that the trade and investment relationship and activities between the two countries are closely intertwined.
In keeping with the trend and to address the needs of our clients, PwC South Africa has established a dedicated China Desk staffed with Mandarin speaking professionals, to organise and coordinate expertise across PwC South Africa, China, Hong Kong, Taiwan and Singapore so as to add value to our clients’ businesses.
PwC South Africa China Desk aims to introduce PwC products and services to Chinese companies wishing to explore business opportunities in South Africa and to South African companies wishing to invest or do business in China, which includes the following: