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Brenda Hazelhurst's avatar

TRUE

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EnergyShifts.net's avatar

BRICS member South Africa made a deal with the EU to participate in EU's version of the Belt and Road Initiative, the Global Gateway. In other words BRICS member South Africa plays both sides, yet this site and promoters of BRICS always try to give the impression that South Africa is fully on the side of BRICS and in opposition to the West, that South Africa wants to "break away" from the colonial hold of the West, etc. This is simply not true. Look at the facts and South Africa's trade and investment deals with the West.

"The European Union (EU) and South Africa have announced a €4.7-billion (R94-billion) package of new investments in South Africa, mainly for the transition to clean energy and for boosting vaccine manufacturing.

The “Global Gateway Investment Package” was announced at the 8th SA-EU summit, in Cape Town on Thursday. It will comprise €303-million in grants from the EU and its members and loans from the European financial institutions and SA’s development banks to leverage a further €4.4-billion in investments.

Ursula von der Leyen, the president of the EU Commission, who headed the EU delegation along with EU Council President António Costa, announced the programme. She said there was already almost €50-billion in annual trade between SA and the EU, and 98% of SA exports to the EU were duty- and quota- free."

[13 March, 2025: EU and SA announce R94bn package for new investments in clean energy, vaccine manufacturing]

http://archive.today/6tdBv

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