President Cyril Ramaphosa says the European Union has committed to invest more than R90 billion in South Africa to strategic investment projects.

Ramaphosa commended the EU for supporting Pretoria in its G20 Presidency.

“‘We welcome the announcement by the European Union of a global gateway investment package of some 4,7 billion Euros amounting to R94 billion to assist strategic and to support strategic investment projects in our country. The investment package covers areas such as critical raw material processing, Green Hydrogen, Renewable energy, Transport and digital infrastructure … local vaccine and pharmaceutical production and the resources for skills development.”

LIVE | The 8th SA-EU summit press conference is under way, focusing on strengthening the partnership between South Africa and the EU. pic.twitter.com/MJUy9khJJy

— SABC News (@SABCNews) March 13, 2025

The president of the European Council, Antonio Costa says there’s a need for strengthened multilateralism to respond to common global challenges.

Both South Africa and the EU are grappling with aid and trade issues as US President Donald Trump withdraws assistance and imposes tariffs.

Costa has described South Africa as a strategic EU ally bound by shared values of democracy and human rights.

“In this world of uncertainty, our partnership matter more than ever. This is why today’s summit is so important. And we stand together to help hold the United Nation Charter, advance the Sustainable Development Goals and drive forward global action on climate change, poverty reduction and economic reform,” says Costa.

#SAEUSummit2025 | The 8th SA-EU Summit takes place within the framework of the Strategic Partnership between South Africa and the EU.

South Africa is one of 10 countries globally and the only African country with a Strategic Partnership with the EU.#GovZAUpdates… pic.twitter.com/EjGOPqlY1B

— South African Government (@GovernmentZA) March 13, 2025

8th SA-EU Summit: