The European Union has pledged €32m in grant funding to bolster Transnet's turnaround strategy and catalyze the development of a green hydrogen value chain in South Africa. Kadri Simson, the European commissioner for energy, affirmed the importance of this financial support during a press conference, underlining the crucial role it plays in aiding Transnet's recovery process and advancing sustainable energy solutions. In particular, a grant amounting to approximately R140m will be dedicated to supporting Transnet's recovery efforts, emphasizing the commitment to green energy and environmental stewardship. This funding injection not only signifies a tangible boost for Transnet's operations but also highlights a broader commitment to sustainability and innovation in South Africa's energy sector. The development of a green hydrogen value chain holds promise for a more environmentally friendly and sustainable energy future in the country, aligning with global efforts to reduce carbon emissions and combat climate change. The EU's contribution serves as a significant endorsement of South Africa's transition towards cleaner energy sources, positioning the country at the forefront of green technology adoption and emphasizing the importance of international partnerships in driving sustainable development.