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Fear and Panic as China set to take over major business concern in South Africa

The growing fear of China’s plot to take over major business concerns in South Africa has been roundly  condemned by the United States of America, following the bilateral deal the Chinese government sealed with president Cyril Ramaphosa.

US allegations against China are seen to reflect panic as it loses its grip on Africa.

This is after the Asian powerhouse cemented its relations with the continent.

A series of allegations has trailed the just-ended Forum on China-Africa Co-operation, attended by more than 50 African heads of state.

China’s President Xi Jinping pledged a whopping $60 billion (R921 billion) to Africa.

His country built the ultra-modern AU headquarters in Addis Ababa, Ethiopia, handed over in 2012, and the country’s loans to Africa are allegedly coming with steep and vague conditions

It seems the US has sympathised with Africa for supposedly sinking into Beijing’s debt trap. Washington also said China’s debt diplomacy shuts out opportunities for US businesses

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