“It is an orthodoxy,” says Jacko Maree, Standard’s chief executive links of london charms, who in the past three years has orchestrated multibillion-dollar deals with Industrial and Commercial Bank of China and Troika, Russia’s second-largest investment bank. “When [South African companies] expand they look at emerging markets.” Standard sold a 20 per cent stake to ICBC in 2007 and acquired one-third of Troika last year links of london sale.

Bric investment into South Africa is less pronounced than in some other parts of the continent – indeed, $5.5bn (3.4bn, 4bn) of China’s $7bn investment is accounted for by the Standard deal. But trade connections are strengthening discount links of london. Last year, China established itself as the country’s biggest trading partner, displacing Germany.

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