European Union leaders announced a 4.7 billion euro ($5.10 billion) investment package during a visit to South Africa on Thursday, at a time when both are on worse terms with the United States than they have been for decades.

European Union leaders have announced a 4.7 billion euro ($5.1 billion) investment package in South Africa to support green energy transition and vaccine production at their first bilateral summit in seven years.

The EU and South Africa are forging stronger ties as they both grapple with aid and trade threats from the Trump administration in the United States.The European Union on Thursday announced a E4.7 billion investment package in South Africa to fund green energy projects and boost vaccine manufacturing.

The European Union and South Africa are holding their first summit since 2018, the latest step toward shoring up a shaky relationship in a world where both are currently the target of US President Donald Trump’s capricious politics.

The European Union on Thursday announced a 4.7 billion euro investment pact with South Africa aimed in part at supporting the country’s just energy transition.

President Cyril Ramaphosa has welcomed the European Union’s €4.7 billion Global Gateway Investment Package aimed at supporting strategic investment projects.

The European Union has pledged €4. 7 billion (R93. 5bn) to support South Africa's strategic projects, focusing on green energy transition, digital connectivity, and vaccine production. The landmark announcement came during the SA-EU Summit in Cape Town,

European Union leaders announced 4.7 billion euros ($5.1 billion) in investments in South Africa on Thursday to support green energy and vaccine production, and agreed to start talks on new trade deals with Africa's most advanced economy.

EU chief Ursula von der Leyen announced Thursday plans to have billions of euros pumped into investments in South Africa, as Europe seeks to reassert its influence in a country in the crosshairs of the United States.