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COSATU welcomes €11.5 billion European Union Global Gateway Investment Package in South Africa | SA News

The Congress of South African Trade Unions (COSATU) welcomes the €11.5 billion (Rands 229 billion) Global Gateway Investment Package in South Africa announced by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa.  This is a welcome boost to our economy, jobs, local businesses, infrastructure, including energy generation capacity. 

COSATU appreciates that the package commits to raising European investments in South Africa with approximately R173 billion in a Just Energy Transition, R24 billion in the Just Component, R20 billion in infrastructure and connectivity, and R6 billion in building the pharmaceutical value chain. 

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