UK and South Africa will turbocharge growth together
The UK and South Africa will join forces to drive economic growth and turbocharge infrastructure investment, Prime Minister Rishi Sunak has announced today [Tuesday 22nd November] at the start of President Ramaphosa’s formal State Visit.
The next phase of the UK-South Africa Infrastructure Partnership is being launched today, supporting South Africa’s economic growth through major infrastructure developments and offering increased access to UK companies to projects worth up to £5.37bn over the next three years. The UK Government will also confirm new grant-funded technical assistance to South Africa to help unlock green hydrogen opportunities and boost skills in this key sector.
As an example of the opportunities for UK businesses, Globeleq - a UK company which is majority owned by British International Investment – will shortly be reaching legal close on six solar power projects, with construction expected to kick off in South Africa next year.
Source: GOV.UK