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S. African insurer eyes stake in Ping An

08-25-2010 08:55 BJT

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South African health insurer Discovery Holdings plans to pay 200 million yuan, for a 20 percent stake in a joint venture with the health insurance unit of Ping An Insurance.

President Jacob Zuma said in Beijing on Tuesday, that his visit is also an opportunity to consolidate ties between China and African countries. China is increasingly turning to the continent for resources, markets and diplomatic support.

South African health insurer Discovery Holdings plans to pay 200 million yuan, for a 20 percent stake in a joint venture with the health insurance unit of Ping An Insurance. 
South African health insurer Discovery Holdings plans to pay 200 million yuan, 
for a 20 percent stake in a joint venture with the health insurance unit of 
Ping An Insurance.

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