China's investment in South Africa has been lifting its economy and creating jobs. Africa's largest economy received another boost this week when Chinese President Xi Jinping announced a nearly 15-billion-US dollars investment. Sumitra Nydoo has more.

China and South Africa are celebrating 20 years of co-operation. Trade between the two countries has grown over the years and China's investment in the economy has also increased. One of the most significant investments was the Industrial and Commercial Bank of China acquisition of a 20% stake in South Africa's Standard Bank. The partnership now a decade old is still going strong.

SIM TSHABALALA CEO, STANDARD BANK GROUP "It seemed to us that being in partnership with the largest financial institution in the world at the time would be a unique position to occupy and then to be able to facilitate trade and investment in the African continent and China will also be unique."

JEREMY STEVENS CHINA ECONOMIST, STANDARD BANK GROUP "We know that the Chinese are going to go where the export growth is fast, where the demand is for the goods, makes sense for them to logically move and so that's really the key to create sustainable ties."

In 2013 Chinese electronics manufacturer expanded on its investment in South Africa, by establishing an industrial park in Cape Town creating over 1200 jobs. Huawei and ZTE followed suit and in 2016 Beijing Auto committed $800 million to build a new motor plant in 2016.

MATTHEW BIRTCH M&A STRATEGY ANALYST, GORDON INSTITUTE OF BUSINESS SCIENCE "In the South African context we've seen a lot of wind projects with Longyuan. We've seen BAIC, car manufacturer that did some assembly here. Now they set up a production line. A very successful one is High Sense, which is consumer products and various other investments in that sector. They've set up a factory down in the southern part of South Africa."

SUMITRA NYDOO JOHANNESBURG "China's President Xi Jinping, here in South Africa for the BRICS Summit, has announced a further $14.7 billion investment in the country."

The investment will be in the areas of infrastructure development, the green economy, agriculture and energy. $10 billion of that will be used to expand the BAIC plant in Port Elizabeth. SN, CGTN, JHB, SA.