SA should learn from EU expertise, says Godongwana

It is critical for South Africa to continue to learn from the extensive experience and expertise that the European Union has in a number of areas and economic activities, says Finance Minister Enoch Godongwana.

This was especially the case in the areas such as vocational education and training.

This was reiterated by the Minister during a meeting with the European Union’s (EU) Commissioner for International Partnership, Jutta Urpilainen, who he met in Pretoria on Thursday.

The meeting, said the ministry in a statement, was to discuss the EU’s development partnership with the country, as well as other areas of cooperation and mutual benefit to South Africa.

Urpilainen was accompanied by a high-level EU delegation.

Her visit included the ceremonial signing of a number of partnerships, most notably the South Africa-European Union Multi-Annual Indicative Programme; the centrepiece of the strategic relationship between the country and the union, and an integral instrument in the EU’s support for South Africa’s development priorities.

“The EU as a bloc is one of South Africa’s largest trading partners and a significant source of foreign direct investment (FDI), with a number of EU-based companies involved in a wide range of economic and job-creating activities in South Africa,” said the Ministry.

Godongwana in the meeting acknowledged the positive strategic partnership, which stretches over two decades, which the country has built with the EU, and thanked Urpilainen for her consistent interest in the socioeconomic challenges faced by South Africa, and for the willingness to support the government’s measures to address them.

“It is critical for us to continue to learn from the extensive experience and expertise that the EU has in a number of areas and economic activities, especially in such things as vocational education and training,” said Minister Godongwana.

“Investing in and ramping-up the capacity of vocational and artisan training facilities will go a long way to addressing the unacceptably high levels of unemployment in our country. Producing a pipeline of skilled and knowledgeable technicians and engineers can contribute to addressing the energy crisis, and empower our working-age population with the skills and know-how to take advantage of the transition to a low-carbon economy.”

Minister Godongwana acknowledged the EU’s financial support for South Africa’s Just Energy Transition, via the International Partners Group of developed economies that in 2021 pledged US$8.5 billion to the country.

He however raised the concern that the JET partnership commitments have largely taken the form of concessional loans and other commercial arrangements. Minister Godongwana stressed the need for the financial support to include a much larger grant-funding component.

Source: South African Government News Agency