Pretoria: Cabinet has expressed confidence in the resilience of the economy, as the country continues to forge partnerships to build key sectors and attract new investments. These investments include Google South Africa’s R2.5 billion cloud project, the R93.5 billion Global Gateway Investment Package by the European Union (EU), as well as the Private Sector Participation in Rail and Port Freight Logistics Projects.
According to South African Government News Agency, the Cabinet welcomed the launch of Google South Africa’s R2.5 billion cloud region in Johannesburg, which integrates South Africa into Google Cloud’s global network. This project is Google’s first in Africa and marks a significant investment in South Africa’s technology infrastructure. Minister in The Presidency Khumbudzo Ntshavheni emphasized the importance of accelerating the country’s path towards sustainable inclusive economic growth and job creation through increased investment and highlighting the positive aspects of the nation.
The EU announced a R93.5 billion Global Gateway Investment Package to support strategic investment projects in clean and just energy transition, digital and physical connectivity infrastructure, and the local pharmaceutical industry. The Cabinet acknowledged the strengthening of the Strategic Partnership between South Africa and the EU at the 8th South Africa – EU Summit held on 13 March 2025 in South Africa. The EU reiterated its support for South Africa’s G20 Presidency and emphasized the importance of the G20 as a global forum for international economic cooperation.
The launch of the Request for Information on Private Sector Participation in Rail and Port Freight Logistics Projects was also welcomed, as it is part of the critical reforms to improve South Africa’s logistics sector, thus enhancing economic growth through improved exports. The Roadmap for Freight Logistics System in South Africa promotes greater competition in rail and port terminal operations, which will attract private investment while ensuring that strategic infrastructure such as rail lines and ports remain in public ownership.
Minister Ntshavheni addressed members of the media on the outcomes of the Cabinet meeting held on Wednesday, highlighting these significant developments aimed at bolstering the South African economy.