# President Cyril Ramaphosa says the 8th South Africa-European Union Summit, held in Cape Town last week, marked a pivotal moment for trade and investment relations. In his weekly newsletter, he highlighted the over 90-billion-rand investment package aimed at boosting key sectors like vaccine production, energy transition, and infrastructure. According to Ramaphosa, the summit also reaffirmed commitments to multilateralism and global cooperation, with the EU expressing support for South Africa’s G20 Presidency.
Ramaphosa welcomes EU investment package to enhance SA’s vaccine and renewable sectors