COSATU Welcomes EU Investment Package
The Congress of South African Trade Unions (COSATU) welcomes the €11.5 billion European Union Global Gateway Investment Package in South Africa.
This package, announced by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa, will commit to raising European investments in South Africa, with a focus on:
- Just Energy Transition: R173 billion
- Just Component: R24 billion
- Infrastructure and connectivity: R20 billion
- Pharmaceutical value chain: R6 billion
This is a welcome boost to our economy, jobs, local businesses, infrastructure, including energy generation capacity.
Author's summary: COSATU welcomes €11.5 billion EU investment package.