South Africa & EU ink critical minerals pact, champion multilateralism
The deal comes as the EU races to diversify supply away from dominant sources and amid growing fears of disruptions.
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00:00At a high-profile trilateral meeting on Thursday, Cyril Ramaphosa, President of South Africa, together with the President of the European Commission and the President of the European Council, affirmed a deepening partnership defined by trusts, reliability and shared goals.
00:17It has indeed been a real honour to jointly preside over the South Africa EU leaders' trilateral meeting.
00:29Today, we have an opportunity to take stock of the progress that we have made, and particularly over just this past year, but also take stock in the overall relationship between South Africa and the European Union.
00:48We've characterised this relationship as a mature relationship, a relationship that is predictable, that is reliable, and that is based on trust.
01:02And we are very pleased at South Africa to have a partner like the EU, and where we are able to discuss a variety of matters.
01:13Just this year alone, President van der Leyen was saying that we have met just this year four times.
01:20The summit marked the sign-in of a landmark agreement tackling the future of critical minerals, metals essential for green energy, digital technology and defence.
01:31And today we've signed three new major projects.
01:34First, together with the European Investment Bank.
01:37We are investing €350 million to modernise South Africa's infrastructure, both in transport and in energy.
01:47And this includes support for trans-nets decarbonisation under the Just Energy Transition Partnership.
01:54The deal comes as the EU races to diversify supply away from dominant sources and amid growing fears of disruptions.
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