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 provide a significant boost to the economy, jobs, and local businesses.
- €173 billion will be invested in the Just Energy Transition
- €24 billion will be invested in the Just Component
- €20 billion will be invested in infrastructure and connectivity
- €6 billion will be invested in building the pharmaceutical value chain
This is a welcome boost to our economy, jobs, local businesses, infrastructure, including energy generation capacity.
COSATU appreciates the commitment to raising European investments in South Africa, which will provide invaluable boosts to local jobs and communities, businesses and value chains.
Author's summary: COSATU welcomes €11.5 billion EU investment package.
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