South Africa welcomes €11.5bn EU investment for clean transition

The South African government welcomed the EU’s announcement of a further investment package totalling €11.5 billion.

• Main announcement: The speaker confirmed the EU’s further investment package raising the total to €11.5 billion, to support sectors including critical minerals, e-battery development, green hydrogen, renewable energy, and vaccines, and to back rail, road and ports infrastructure, logistics and digital connectivity. The announcement follows the March South Africa–European Union Summit and discussions to launch a Clean Trade and Investment Partnership.
• Background and other details: The partnership will focus on investment, the clean energy transition, skills and technology, connectivity, and strategic industries along supply chains; officials have been engaged in technical discussions on the partnership. Event note:
  • G20 Leaders’ Summit: next month, Johannesburg — the speaker looks forward to welcoming President von der Leyen; agenda items referenced include advancing shared visions of peace, justice and inclusive international cooperation.