South Africa agrees new climate loan, critical minerals cooperation on Germany visit

International Relations and Cooperation Minister Ronald Lamola shaking hands with Germany's Foreign Affairs Minister Johann Wadephul
Photo by Reuters
Germany has agreed to give South Africa a new €200-million ($234-million) concessional climate loan, and the two countries will deepen cooperation in other areas like critical minerals, South Africa's foreign minister said on Monday.
The loan will support investment in South Africa's power grid and renewable energy capacity, Minister Ronald Lamola said after talks with German counterpart Johann Wadephul in Berlin.
He said German and EU funding for green hydrogen and battery value chain cooperation had also been extended by more than €270-million.
Lamola thanked Wadephul for German support despite South Africa's strained relationship with the US during President Donald Trump's second term in office.
Trump has excluded South Africa from meetings of the Group of 20 nations this year and criticised its foreign policy and domestic race laws. He boycotted a G20 summit in Johannesburg in November.
Lamola said: "We feel we are part of it (the G20) because of the support that we have received from Germany and from other G20 members."
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