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Germany commits R 1.3 billion for development cooperation in South Africa

14 January 2016

South African Minister of Finance Pravin Gordhan and German Ambassador Walter Lindner signed two agreements worth over R 1.3 billion for development cooperation between South Africa and Germany. About half of the allocated sum will be used to develop green energy in South Africa.

Just before the summer recess Minister of Finance Pravin Gordhan and German Ambassador Walter Lindner signed two agreements worth over R 1.3 billion of new commitments for development cooperation between South Africa and Germany. About half of the allocated sum will be used to develop green energy in SA. The other half of the contribution will flow into HIV/Aids prevention, vocational and educational training as well as violence prevention and good governance.

Ambassador Lindner stresses that these agreements reflect the strategic partnership of South Africa and Germany:
“The South African – German development cooperation is geared towards our joint contribution to the most pressing global challenges, focusing on our individual strengths. For example, South Africa has very favorable conditions for renewable energy. With German expertise and support for projects in SA, we aim to make a sizeable contribution to the international fight against climate change. “

South Africa and Germany share a vibrant strategic partnership that embraces the political, economic, cultural and social spheres. The South African National Development Plan (NDP) is the essential guideline for South African-German development cooperation. The projects are primarily implemented by the Gesellschaft für Internationale Zusammenarbeit (GIZ) and the German Development Bank (KfW). The focal areas of development cooperation are energy and climate, good governance, HIV/Aids prevention and vocational and educational training.

SEE ALSO

Germany supports Transnet: EUR 200 million for 240 electric locomotives

KfW finances "green" electricity network in South Africa to the tune of EUR 300 million

Germany sets aside R70m for SA transport project

Germany provides over R70 million for Violence Prevention in the Western Cape

Germany Commits R5,89 billion for Development Cooperation to South Africa

German Embassy in Pretoria, South Africa

 

 

 

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