EU Launches Investment Roadshow in South Africa to Secure Critical Minerals
The European Union has initiated its first investment roadshow in South Africa, aiming to secure a share of €12 billion ($13.98 billion) in investments. This move is part of the EU's strategy to establish alternative supply chains for critical minerals, following China's restrictions on mineral exports with potential military applications. The roadshow, held at the Johannesburg Stock Exchange, is a significant step under the 2025 EU-South Africa Clean Trade and Investment Partnership. South Africa, like other African nations, is focusing on moving up the value chain by emphasizing beneficiation, processing, and industrial development rather than merely exporting raw minerals. The EU's efforts include a €600 million framework loan to the Development Bank of Southern Africa for green energy projects and a €1.48 billion facility for Transnet to modernize South Africa's port and rail network.