South Africa is positioning itself as a key player in the global energy transition by focusing on its abundant renewable energy sources and plans for green hydrogen production. Green hydrogen, produced through electrolysis using renewable electricity, is considered a vital alternative to fossil fuels in challenging sectors like heavy industry and aviation due to its zero greenhouse gas emissions. While the European Union's €32 million grant to support South Africa's green hydrogen industry is a positive step, additional funding, subsidies, and supportive regulations are crucial for industry growth. The goal to produce one million tonnes of green hydrogen annually by 2030 and 7 million tonnes by 2050 could significantly contribute to South Africa's economy. However, the substantial investment required, estimated at R410 billion, poses a financial challenge. Megaprojects, international supply chain dependencies, and risks highlighted by the European Court of Auditors add complexity to the industry's development. Despite the risks, the grants from the European Union indicate progress towards establishing a sustainable green hydrogen industry in South Africa.