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 has pledged its commitment to strengthening ties with South Africa, announcing a R94b investment package which has divided locals.

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 Democratic Alliance (DA) says the EU investment and strategic partnership with South Africa underscores the EU’s commitment to tackling climate change and supporting South Africa in its renewable-energy ambitions,

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.

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,

The European Union and South Africa took another step toward shoring up a shaky relationship in a world where both are currently the target of US President Donald Trump’s unpredictable politics.