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Ethics Institute To Look Into Chinese Businesses In Africa

Ethics Institute To Look Into Chinese Businesses In Africa

From Business Day

A survey to gauge perceptions about Chinese companies doing business in African countries has been commissioned by the Johannesburg-based Ethics Institute of South Africa (Ethics SA).

China is aggressively pushing into Africa. The country is South Africa’s largest trading partner in the Brics bloc, which also includes Brazil, Russia and India.

While investment from China in Africa reportedly accounts for only 10% of the country’s total foreign investment, the second-biggest economy in the world is increasingly showing interest in doing business on the continent. But some have raised concern over the ethical conduct of Chinese companies here.

Ethics SA CEO Deon Rossouw said this week the survey would provide a factual basis for dialogue with the Chinese government and Chinese companies about their involvement in Africa.