en.Wedoany.com Reported - The EU delegation is holding its first investment roadshow in South Africa this week, aiming to promote project development and funding alignment in areas such as clean energy and infrastructure.
The roadshow took place at the Johannesburg Stock Exchange from June 1 to 2, moved to Cape Town from June 3 to 4, and concluded in Durban on June 5. The event brought together 350 European and South African investors, businesses, financial institutions, and project sponsors to exchange ideas on commercial and investment opportunities.
Conducted under the EU's Global Gateway external investment plan and the EU-South Africa Clean Trade and Investment Partnership, the roadshow focused on areas where cooperation has already generated opportunities: just energy transition (accelerating investment in renewable energy and clean technologies), critical raw materials (promoting sustainable mineral and metal value chains with a focus on local beneficiation), pharmaceutical value chains (strengthening local production and innovation capacity), infrastructure, transport, and logistics (upgrading transport corridors, ports, railways, and logistics systems to improve connectivity and trade), and digital connectivity (investing in digital infrastructure and technologies to enhance competitiveness).
South Africa's Minister of Trade, Industry and Competition, Parks Tau, stated that this is a concrete example of putting the €11.5 million Global Gateway investment package and the Clean Trade and Investment Partnership commitments into practice. He noted that South Africa has both significant investment needs and capacity, and is working with the EU to address the investment gap.
EU Ambassador Sandra Kramer said this is a unique opportunity for EU and South African businesses to come together and engage with financial institutions as well as public and private investors, demonstrating the role of Global Gateway in bridging the gap between investment needs and instruments.
Deputy Minister of Electricity and Energy, Samantha Graham-Maré, pointed out that South Africa's energy sector has enormous potential but requires translating ambition into investment in concrete projects, which is precisely the purpose of the roadshow. She expressed hope to see this partnership move from commitments to delivery.
Deputy Minister of Transport, Mkhuleko Hlengwa, stated that the roadshow in Durban focused on transport and logistics, representing an extremely valuable opportunity for industries in need of investment. Companies seeking investment come from sectors including water supply, e-mobility, renewable energy, and health.
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