On 9 October, European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa unveiled a Team Europe investment package worth nearly €12 billion. This initiative aims to support South Africa in becoming a global leader in the just energy transition, sustainable infrastructure, digital connectivity, and pharmaceutical value chains. The package reflects a shared commitment to building a healthier, more sustainable, and inclusive South Africa, boosting competitiveness, creating jobs, and ensuring no one is left behind in the transition to a green economy.
The €12 billion package builds on the €4.7 billion announced at the EU-South Africa Summit in March and marks a new chapter in the EU-South Africa partnership. Team Europe—including the EU, its Member States, and development finance institutions—is mobilizing increased investment through the Global Gateway initiative. Strategic areas covered by the package include advancing the Just Energy Transition, improving connectivity, developing green logistics and infrastructure, and strengthening South Africa’s vaccine production capabilities.
The investment package is already producing tangible outcomes. It includes a new commitment to the Coega Green Ammonia Project, which will support local production to meet growing domestic and global demand in the agricultural, chemical, and mining sectors. The project also aligns with South Africa’s goal to become a global shipping hub as green ammonia emerges as a preferred clean maritime fuel.
Additionally, the package strengthens local biomanufacturing capabilities for vaccines and other pharmaceuticals, enhancing South Africa’s capacity to produce essential health products for the African continent. These efforts demonstrate Team Europe’s dedication to supporting South Africa’s sustainable growth while fostering regional development and resilience.
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