In the news today: China plans more investment in South Africa, Zimbabwe commences with vote-counting, and load-shedding looks likely this week

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China's President Xi Jinping addresses a media conference with South African President Cyril Ramaphosa in Pretoria, South Africa, July 24, 2018. REUTERS/Mike Hutchings

China plans $10bn metallurgical complex for SA

Chinese investment booms with the announcement of a planned metallurgical complex in South Africa that could start construction as early as next year.  READ MORE

Zimbabwe counts votes

Zimbabwe’s first election without Mugabe was peaceful – but was it free and fair?  READ MORE

Load-shedding on the cards

Eskom has warned South Africans to brace themselves for load-shedding this week as employees go on strike.  READ MORE

Life assurance walk-in store opens in Soweto

Sanlam’s Indie store allows you to buy a fully underwritten policy in less than ten minutes. Will millennials take the bait?  READ MORE

Households’ net wealth plummets

The real value of South African households’ net wealth declined by R205bn during the first quarter of 2018, effectively erasing more than 60% of the gains accumulated during the second half of 2017. “Households are struggling to make a living, let alone build wealth,” Johann van Tonder, economist and financial wellness researcher at Momentum, told RISKAFRICA. Look out for our special report in the August issue of RISKAFRICA magazine. Momentum publishes its Household Financial Wellness Index on its website.  READ MORE