EU announces two green hydrogen energy investments into South Africa

The European Union has announced two green hydrogen energy investments into South Africa.
The investments are a R140 million that will go to Transnet to help with issues of Trade and half a billion rand (R500 million) that will go to the green hydrogen energy.

EU Energy commissioner Kadri Simson is in the country and signed the agreement with the South African government in Pretoria.

The investment has been described as an opportunity to re-industrialise the SA economy.

SABC NEWS Economics Reporter Katlego Legodi and our cameraman Siya Mhlongo have more.

[musandasikhwivhilu]

We are non- aligned. We use the best from the East, West, North and South. We are no one's idiot! 😊 Bravo Mzanzi!

[mikeStinson-ggwl]

In.south africa we call this White monopoly capital 😂😂😂😂😂

[ForexdailytradingsystemsCoZa]

Awesome News. Thank You So Much To The EU For Bolstering Our Economy. You Sòw Into Fertile Soil.

Blessings To South Africa And Blessings To The EU. 🤍

[fancyIOP]

Where will they get the water to make this hydrogen?, I hope it will be from desalination plants but not fresh water that are supposed to be for the communities.

[anthonyandrewss]

wait did SABC just get a new camera 👀😭

[afrikanewscongo]

But this sounds counterproductive, aren't you supposed to be working with the Chinese?

[terrencelowery]

We need our coal mines we need our gold mines.
People want work.

[flabelflabel]

hydrogen is likely to replace many fossil fuels making it very profitable and not many countries can cheaply produce a large amount of it. South Africa is one of a very few countries that can produce hydrogen easily. if the government actualy wants to fix this country they better make sure that every cent of this investment is used to the best of its value.

If they prove that to the EU we may see many more millions and possibly billions

[GoforiGugu]

Who is physical abusing our electricity minister, it unfair😮

[MandlaNodabs-dxzg]

Where is the brics investment?? EU is the one pushing SA to move away from coal interestingly they are exporting our coal😂😂😂😂

[Lwile-qtnn]

Lithengiswe lingakathathwa..kahlekahle lithengiswa okwesibili😢

[thukelomaqoma]

Genius amazing attracting FDI excellent job 👌 honorable minister

[tcdcoptions]

Such a small fee, even Lucky Montana can give us that money. Anyhow, we are none aligned. Re ja ka mo le ka mo. Re magosha, lethi mali wena😂

[sizwecooks-rs]

NSFAS TVET colleges students allowances ?

😞 prevent suicide .

[GoforiGugu]

Incane lemali ninaManuku ASE Europe and nifunami?;