On the 9^th of October, European Commission President Ursula von der Leyen, together with South African President Cyril Ramaphosa, unveiled a Team Europe investment package worth nearly €12 billion. With this package, Team Europe is doubling down on its ambition to work with South Africa to become global leaders in the just energy transition, sustainable infrastructure, digital connectivity and pharmaceutical value chain. It is a shared commitment to building a healthier, more sustainable, prosperous and inclusive South Africa – boosting competitiveness, creating jobs, and ensuring no one is left behind in the transition to a green economy.

This investment package builds on the €4.7 billion package announced at the EU-South Africa Summit in March, marking a new chapter in the EU-South Africa partnership, with Team Europe – the EU, its Member States, and development finance institutions – mobilising increased investment through Global Gateway. The package covers several strategic areas, including advancing the Just Energy Transition, connectivity, green logistics and infrastructure and building South Africa’s vaccine production.

This Team Europe Investment Package is already delivering concrete results.

• New commitment to the Coega Green Ammonia Project. Local production will meet increasing global and domestic demand in the agricultural, chemical, or mining sectors. It will also support South Africa’s ambition to become a global shipping hub as green ammonia becomes a choice for clean maritime fuel.
• New commitment to strengthen local biomanufacturing capabilities to produce vaccines and other pharmaceuticals in South Africa for the African continent.