China donates R600m to resolve SA's energy crisis
The Chinese government has contributed more than R600m to assist South Africa in resolving its energy crisis.
This was confirmed by President Cyril Ramaphosa during the official state visit by Chinese President Xi Jinping at the Union Buildings on Tuesday.
Ramaphosa and Xi met on the sidelines of the BRICS Summit in Sandton.
"South Africa deeply appreciates China’s support in addressing our current energy challenges. This includes the donation of emergency power equipment worth R167 million and availing a grant of approximately R500 million as development assistance," Ramaphosa said.
Chinese companies, encouraged by your government, responded with enthusiasm to our investment drive, which has raised more than R1.5 trillion in investment commitments over the last five years," added Ramaphosa.
The president said the relationship between South Africa and China is based on common goals of economic growth and development.
"... and common prosperity for our respective countries and for all countries of the Global South. It is this common outlook that has enabled us to deepen our cooperation on several fronts.
"South Africa maintains high-level cooperation with China in several areas. These include, but are not limited to, international politics, trade, investment, infrastructure development, science, innovation and education.
"Energy cooperation with China is a recent development that we look to deepen, particularly in line with our respective commitments to low-carbon, climate resilient development," he said.
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