South Africa and Germany sign deals worth R5BLN - CNBC Africa

South Africa and Germany sign deals worth R5BLN

Southern Africa

by Trust Matsilele 0

Germany ambassador Horst Freitag says his country will help S.Africa meet its challenges. PHOTO: Praag

South Africa’s finance minister, Nhlanhla Nene, welcomed the support from the German government saying he was looking forward to the successful implementation of the cooperation which is aligned to the priorities of South Africa’s National Development Plan.

(READ MORE: S.Africa's NDP plagued by inconsistency)

“On behalf of the citizens of South Africa, we would like to express our gratitude for the long standing partnership with the German government, and hope to strengthen the collaboration going forward,” Nene said.

Germany has been giving financial and technical assistance to South Africa over the past 20 years. It is estimated that during the past two decades, South Africa has received over 14 billion rand in technical and financial assistance.

This amount has gone towards empowerment, transfer of skills and building of institutional capabilities.

“The bilateral cooperation has matured into a partnership where Germany supports South African priorities,” a joint statement issued by the two countries explained.

“The partnership is focused on the areas of energy and climate change, HIV/Aids prevention and good governance, which includes violence prevention and trilateral cooperation.”

Germany's ambassador to South Africa, Horst Freitag, said his country will continue supporting South Africa to meet its challenges.

“Germany continues to support South Africa in meeting its mid- and long-term challenges. With these new funds, we underline our will to stand by our partners in a sustainable and predictable way. South Africa is one of our most important global development partners,” he said.

“Our development cooperation is an integral part of our broader cooperation in the political, economic, social and cultural spheres, bearing testimony to a successful partnership between countries of the northern and southern hemisphere in a changing world.”

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