South Africa has made significant strides in accelerating the development of green hydrogen, with key investments and initiatives aimed at driving sustainable development and job creation in the renewable energy sector. The country's Public Investment Corporation (PIC), Industrial Development Corporation of South Africa (IDC), and Development Bank of Southern Africa (DBSA) have collectively invested R656 million in the South African Hydrogen Fund (SA-H2), emphasizing their commitment to renewable energy and green hydrogen projects. The IDC has also partnered with Germany’s KfW Development Bank to provide grant funding for projects like the Prieska Power Reserve, contributing to a just energy transition. The Africa Green Hydrogen Summit in Cape Town served as a platform for President Cyril Ramaphosa to outline the government's efforts to mobilize blended finance in the hydrogen sector, emphasizing the potential of green hydrogen to decarbonize industries, create jobs, and drive inclusive growth across borders. The event also saw the launch of the South African Renewable Energy Masterplan (SAREM), a sector-wide industrial strategy aimed at stimulating job creation and industrial development through renewable energy projects. One of the significant investments announced was the $20 million for the Hive Hydrogen Coega Green Ammonia Project in the Eastern Cape, which is set to revolutionize green ammonia production in the country, creating jobs and reducing carbon emissions. The IDC's focus on green hydrogen projects aligns with the long-term goal of enhancing South Africa’s energy security and attracting international funding entities to accelerate the local Green Hydrogen economy. Through partnerships with Climate Fund Managers B.V. and Invest International, SA-H2 aims to drive sustainable development through renewable energy projects. Overall, South Africa's push towards a green hydrogen economy not only creates job opportunities but also ensures a more sustainable and secure energy future for the country, with initiatives like the SA-H2 fund and SAREM playing key roles in driving the transition towards renewable energy sources and fostering industrial growth.