Germany commits R5.2bn to South Africa and promises to deepen cooperation ahead of Joburg G20

Germany has committed further funding of €276.5-million (about R5.2-billion) to South Africa for the period to 2026 to support several initiatives, including skills development and South Africa’s energy transition. The funding was confirmed in a joint statement released following the 2024 Intergovernmental Negotiations on South African-German Development Cooperation held in Berlin from November 25 to 27, and as South Africa assumed the G20 Presidency.