The agreements were signed by Finance Minister Nhlanhla Nene and German Ambassador Horst Freitag on Friday.

Freitag said Germany continued to support South Africa as it tries to address some of its challenges. “South Africa is one of our most important global development partners,” said the Ambassador.

“Our development cooperation is an integral part of our broader cooperation in the political, economic, social and cultural spheres, bearing testimony to a successful partnership between countries of the Northern and Southern hemisphere in a changing world,” Freitag said.

Minister Nene welcomed the support from Germany, saying he was looking forward to the successful implementation of the cooperation which is aligned to the priorities articulated in the National Development Plan.

Available: http://www.sanews.gov.za/world/sa-germany-sign-multi-billion-rand-development-deal