South Africa-European Union Summit concludes with €4.7 billion Investment Package

The South Africa-European Union Summit concluded with President Cyril Ramaphosa announcing a €4.7 billion Global Gateway Investment Package aimed at supporting a clean and just energy transition in South Africa. This package focuses on critical raw mineral processing, green hydrogen, renewable energy, and resources for skills development. A Clean Trade and Investment Partnership will be negotiated to support cleaner value chains and renewable energy development. The partnership is expected to enable Sasol to export sustainable fuels to the EU.