Press Release: With Global Gateway, Europe delivers impactful investment partnerships for mutual benefit

…/for immediate release

This week the European Union has kicked off a first-of-its-kind investment roadshow, with a first event hosted at the Johannesburg Stock Exchange, 1-2 June. The roadshow will continue to Cape Town, 3-4 June, and to Durban on 5 June.

With this roadshow, the European Union will bring together 350 European and South African investors, companies, financial institutions as well as project promoters around concrete, high-potential business and investment opportunities under the Global Gateway, Europe’s external investment programme focused on high quality investments, and the EU-South Africa Clean Trade and Investment Partnership. South African and European companies will have a platform to pitch their projects, and follow-up one-to-one meetings with investors will unlock capital, technology and know-how. 

The roadshow will focus on high-potential investment areas where EU–South Africa cooperation is already generating concrete opportunities:

  • Just Energy Transition: accelerating investment in renewable energy and clean technologies;
  • Critical Raw Materials: promoting the development of sustainable minerals and metals value chains, with a focus on local beneficiation;
  • Pharmaceutical Value Chain: Strengthening local production and innovation capacities;
  • Infrastructure, Transport & Logistics: upgrading transport corridors, ports, rail and logistics systems to improve connectivity, facilitate trade and support regional value chains;
  • Digital Connectivity: investing in digital infrastructure and technologies to enhance competitiveness and integration.

Minister of Trade, Industry and Competition Parks Tau noted: 

“The EU Investment Roadshow is a great opportunity for South African business and investors alike. This is a concrete example of bringing the commitments of the €11.5 million Global Gateway Investment Package and the Clean Trade and Investment Partnership to life. South Africa has both huge investment needs and investment capacity. We are working with the European Union to tackle this investment gap head-on.”

Ambassador of the European Union Sandra Kramer said of the event, 

“We are delighted to host the first ever EU Investment Roadshow here in South Africa. This is a unique opportunity for EU and South African business to be brought together with financial institutions and public and private investors. This is Global Gateway in action: closing the circle between the investment needs and the investment tools.”

According to Deputy Minister of Electricity and Energy Samantha Graham-Maré, 

“The Energy sector in South Africa has huge potential, but not without the investments needed to turn ambition into concrete projects. This is what the EU Investment Roadshow is all about and we are delighted to be a part of it. We look forward to seeing this partnership evolve from commitments to delivery.” 

Deputy Minister of Transport Mkhuleko Hlengwa said, 

“The EU Investment roadshow in Durban will focus on Transport and Logistics and is an immensely valuable opportunity for a sector that needs investments. We hope to see concrete investments made as a result of this event. This is the EU-South Africa partnership living up to its ambitions.”

This roadshow is the EU’s Global Gateway in action: common interests, mutual benefit, shared values, sustainable investments, trust and respect. In this way, Global Gateway heralds a new model for what balanced investment partnerships look like, based on shared values, common interests, trust and respect.

Companies which will be pitching: 

  • Badirammogo Water User Association - Sector: Water distribution

  • Grid Cars - Sector: E-Mobility

  • Green eFuels Producers (GeFP) Holdings - Sector: Renewable energy

  • Chemical Process Technologies (CPT) - Sector: Health, vaccines API manufacturing

  • Swift Pharma and Council for Scientific and Industrial Research (CSIR) - Sector: Health, antiretroviral product

  • CapeBio Technologies - Sector: Health, biotechnology

  • Phelan Energy - Sector: Renewable energy, Green Hydrogen

  • Frontier Rare Earths - Sector: Critical Raw Materials extraction and processing

  • Hive Hydrogen South Africa - Sector: Renewable energy, solar and wind

  • Fluorobiotech - Sector: Health, biotechnology

  • National Bioproducts Institute - Sector: Health, biotechnology and manufacturing

 

For more information please contact:  Frank.Oberholzer@eeas.europa.eu