EU promises to invest €4.7bn in South Africa: ‘It's in our mutual interests’ - German Ambassador to SA
Donald Trump’s strongarm tactics are pushing the EU and South Africa closer together.
President Cyril Ramaphosa receives European Council President António Luís Santos da Costa and the President of the European Commission, Ursula von der Leyen, at Tuynhuys in Cape Town. X/@GovernmentZA
CapeTalk’s Lester Kiewit speaks with Andreas Peschke, German Ambassador to South Africa.
Listen below:
The European Union has pledged €4.7 billion in investments in South Africa, saying they are keen to forge new trade deals.
This announcement was made during a meeting between President Cyril Ramaphosa, European Commission President Ursula von der Leyen and European Council President Antonio Costa.
This was the first bilateral meeting between South Africa and the EU in seven years.
Peschke says this is a time for the EU to reinforce cooperation with friends and partners.
“That is why we also want to strengthen our strategic relationship with South Africa.”
- Andreas Peschke, German Ambassador to South Africa
He adds that the EU is South Africa’s biggest trading partner and investor and there is a good base to build on.
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“We mean to build on this relationship which is in our mutual interest.”
- Andreas Peschke, German Ambassador to South Africa
Peshke says the EU fully supports South Africa’s G20 presidency and wants to ensure its success.
Scroll up to the audio player to listen to the interview for more.