Chinese economic slump not the precursor to Africa’s demise – Standard Bank CEO
Channel: Engineering News
Date: 2016-01-22

While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic opinion which cautions of a devastating knock-on effect of the slowdown on African economies, arguing instead that the Asian powerhouse’s transition from an investment-led to a consumption-based growth model could rather spell good news for the continent in the longer term.