EU pledges €11.5 billion for South Africa's clean energy and industry (euobserver.com)

• €11.5 billion pledged for green energy, transport, and pharma
• Announced at Johannesburg Stock Exchange roadshow
• First major private capital mobilization under 2025 Clean Trade Partnership
• Aims to counter Chinese influence and replace US pulled funding
• Trade deal and critical minerals MoU still under negotiation

"The EU has announced €11.5 billion in investment for South Africa's green energy, transport, and pharmaceutical sectors. Announced at a roadshow in Johannesburg, the funding aims to mobilize private capital under the Global Gateway scheme and the 2025 EU-South Africa Clean Trade and Investment Partnership. The move seeks to strengthen ties with Pretoria amid US tensions and counter Chinese influence. Negotiations for an improved trade deal and a critical minerals MoU are ongoing."