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 Commission President Ursula von der Leyen on Thursday announced a new €4.7-billion investment package for South Africa on a visit to the country. Von der Leyen said the Global Gateway investment package was to support a just energy transition,

Summit underway, President Cyril Ramaphosa says South Africa intends to hold further constructive discussions on a new investment package by the EU, to South Africa.

European Commission President Ursula von der Leyen on Thursday announced a new 4.7 billion euro ($5.10 billion) investment package for South Africa on a visit to the country. Von der Leyen said the Global Gateway investment package was to support a just energy transition,

Most of it (4.4 billion euros) to go into in clean energy projects, focusing on wind, solar, and clean hydrogen.

European Union leaders on Thursday announced a €4.7 billion ($5.10 billion) investment package during a visit to South Africa. This comes at a time when both the EU and South Africa are experiencing strained relations with the United States.

South Africa said on Wednesday that it would reduce its debt relief package for state power utility Eskom by a further 20 billion rand ($1.1 billion) and would give some of its support in loans rather than taking on the company's debt.