South Africa and Germany strengthen development cooperation with EUR276.5 million commitment

(Media Release: Issued and provided by the National Treasury of South Africa)

The 2024 Intergovernmental Negotiations on South African-German Development Cooperation were held last month in Berlin, Germany. Germany was represented by Officials of the Ministry for Economic Cooperation and Development (BMZ). South Africa was represented by officials from the National Treasury.

Germany committed further funding of EUR276.5 million (approximately ZAR5.2 billion) for the period from 2024 to 2026. Both South Africa and Germany reaffirmed their commitment to the four focal areas of bilateral development cooperation:
(1) peaceful and inclusive societies;
(2) climate energy and the just transition;
(3) sustainable economic development, training, and employment; and
(4) health and pandemics.

The BMZ highlighted the Just Energy Transition Partnership (JET-P) as a milestone in international cooperation and emphasised Germany’s strong commitment to supporting a clean and just transition towards climate neutrality in South Africa.

The National Treasury underscored the importance of the "Just" component of the transition to protect livelihoods and the economic base of the coal basin in policy discussions around JET-P.

Read the full press release here.