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A power utility is considered a key asset for a development state. Reuters/Siphiwe Sibeko

Will the ANC turn South Africa into a developmental welfare state?

The prevailing political fights over control of state-owned enterprises in South Africa has the potential to have a deep impact on the economy, and the quality and direction of the development state.
The reaction of listed Chinese companies to corruption revelations is often strangely muted. Reuters/China Daily

Corruption charges fail to faze Chinese investors

Corruption charges may shake the share prices of western companies, but in China the situation is more complex.

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