Germany will provide South Africa with a new concessional loan of €200 million ($234 million) for the implementation of climate projects, Reuters reported, citing South African Foreign Minister Ronald Lamola.
The loan will be directed toward developing South Africa's energy sector and expanding renewable energy capacity. According to Lamola, funding from Germany and the EU for green hydrogen and battery production chains has also been increased by more than €270 million. The two countries will also deepen cooperation in other areas, such as critical minerals.
Lamola thanked German Foreign Minister Johann Wadephul for his support, despite South Africa's strained relations with the United States during Donald Trump's second presidential term. He emphasized that Pretoria feels part of the G20 thanks to the support of Germany and other EU members.
Earlier in April, South African Finance Minister Enoch Godongwana announced that the country would not participate in G20 activities throughout 2026 due to a lack of accreditation from the United States.
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