# Cosatu has welcomed the 229-billion-rand Global Gateway Investment Package announced by European Union Commission president Ursula von der Leyen and President Cyril Ramaphosa. COSATU spokesperson Matthew Parks says the investment, focusing on energy, infrastructure, and pharmaceuticals, will boost jobs, businesses, and growth. He cautioned that the funds must come as grants, not loans, and be used to strengthen Eskom, municipalities, and local industries:
COSATU welcomes R229-billion European Union investment boost for South Africa [SOUND]
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