22 Nov 2022

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.

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Source: GOV.UK