20 August 2013 – South Africa has signed a US$130 million deal with the European Union, aimed at initially providing power to some 300,000 rural households in the African country. The agreement for the peaceful use of nuclear energy was signed between the European Atomic Energy Community (EURATOM) and South Africa.
The rural electrification scheme will provide electricity to areas in remote parts of South Africa. South Africa hosted the EU, its largest trading partner, for a one-day summit in July 2013 themed on job creation. Some 77% of South Africa’s total foreign direct investment comes from the EU.