{"id":6370,"date":"2011-12-23T00:40:53","date_gmt":"2011-12-22T22:40:53","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/chinas-cic-takes-stake-in-s-africas-shanduka\/"},"modified":"2011-12-23T00:40:53","modified_gmt":"2011-12-22T22:40:53","slug":"chinas-cic-takes-stake-in-s-africas-shanduka","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/chinas-cic-takes-stake-in-s-africas-shanduka\/","title":{"rendered":"China&#8217;s CIC takes stake in S.Africa&#8217;s Shanduka"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Dec 22 (Reuters) &#8211; China&#8217;s sovereign<br \/>\nwealth fund has taken a 25 percent in South Africa&#8217;s unlisted<br \/>\nbut prominent Shanduka Group, the latest investment by the Asian<br \/>\ngiant keen to gain greater access to Africa&#8217;s resources.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Shanduka, whose chairman has close ties to the ruling<br \/>\nAfrican National Congress and with a diversified asset base that<br \/>\nincludes coal operations, said in a statement the China<br \/>\nInvestment Corporation had paid 2 billion rand ($240<br \/>\nmillion) for the stake.<\/p>\n<p><span><\/span><\/p>\n<p>Shanduka is an unlisted investment holding company chaired<br \/>\nby prominent politician-turned-businessman Cyril Ramaphosa.<\/p>\n<p><span><\/span><\/p>\n<p>Standard Bank acted as the exclusive financial<br \/>\nadvisor to Shanduka and Standard Chartered Bank acted as<br \/>\nexclusive financial adviser to CIC on the transaction.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Ed Stoddard; Editing by Jon Herskovitz)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2011 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Dec 22 (Reuters) &#8211; China&#8217;s sovereign wealth fund has taken a 25 percent in South Africa&#8217;s unlisted but prominent Shanduka Group, the latest investment by the Asian giant keen to gain greater access to Africa&#8217;s resources. Shanduka, whose chairman has close ties to the ruling African National Congress and with a diversified asset base [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6370"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6370\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}