3w ago

EU to invest $5bn in South Africa after US aid withdrawal

www.dw.com

EU to invest $5bn in South Africa after US aid withdrawal – DW – 03/14/2025

Summary

The European Union will invest $5 billion in South Africa after Donald Trump’s administration cut nearly all U.S. aid.

EU chief Ursula von der Leyen announced the funding at a Cape Town summit, emphasizing support for clean energy projects like wind, solar, and hydrogen, as well as vaccine manufacturing.

The EU, now South Africa’s largest sub-Saharan trading partner, pledged to prioritize local jobs and development rather than simply extracting resources for export.

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7 comments

Non of that money will go to improving things there.
- Why do you say so?
  
  South Africa is still a racist hellhole.
  South African Whites are some of the most greedy, entitled, cloistered people on the planet. None of the money will improve the situation in South Africa because South African Whites who already have too much will argue that they need even more before the black people they're oppressing.
  It's a cultural problem that they don't care to change, so it doesn't change.
  
  That's such a bullshit and racist take. As someone who actually lives in the country the real reason why non of that money will make a difference is because of the greedy and entitled ANC run government. The only time they ever want to do anything is during elections or whenever an international event happens. Take g20 for instance, the president was apparently embarrassed with the stat of Johannesburg during the first meeting dispite it being a well known fact for more than a decade now that Gauteng has gone to shit. The other time things dramatically improved was during the 2010 world cup.
  
  is because of the greedy and entitled ANC run government.
  That government has a constituency that keeps them in power.

7 comments