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.

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.

CAPE TOWN, South Africa (AP) — Senior European Union officials were in South Africa for a summit Thursday with President Cyril Ramaphosa that centers on bolstering trade and diplomatic ties as both feel the impact of the Trump administration's confrontational foreign policy.

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.

At the same time, South Africa is also hosting the Inaugural National System of Innovation Transformation Summit

The eighth EU-South Africa summit will be held in Cape Town this week, with both sides seeking strategic and reliable partners in the wake of hostilities by the United States.

The European Union and South Africa vowed to deepen cooperation at a summit on Thursday as both grapple with aid and trade threats from the new US administration. - 'Belief in human dignity' - Both South Africa and the EU are grappling with dramatic policy shifts from Washington since Trump return to the White House this year,