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.
“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.
“Cabinet calls on all sectors to accelerate our country’s path towards sustainable inclusive economic growth and job creation through increased investment and by reinforcing the many positives about our country,” Minister in The Presidency Khumbudzo Ntshavheni said on Thursday.
‘Support strategic investment projects’
The EU also 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.
“Cabinet welcomed 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 the importance of the G20 as a global forum for international economic cooperation,” the Minister said.
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 and thus improving economic growth through improved exports.
“The Roadmap for Freight Logistics System in South Africa promotes the greater competition in rail and port terminal operations, which will attract private investment but strategic infrastructure such as rail lines and ports remain in public ownership,” Ntshavheni said.
Ntshavheni was addressing members of the media on the outcomes of the Cabinet meeting held on Wednesday.
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