Toby Chance: Cabinet showdown looms with “Mr Coal” Mantashe over Special Economic Zone

Loading player...
In 2018, President Cyril Ramaphosa announced the Musina Makhado Special Economic Zone intended to attract more than R40 billion in investment. Seven years later, Toby Chance, the Democratic Alliance’s spokesperson on Trade, Industry and Competition describes how expenditure has run into “hundreds of millions of rands” with planned expenditure of “upwards of two billion Rand over the next couple of years” while “most of the work has been abandoned…uncompleted roads…electricity that hasn't been connected…huge dumps of materials that are sort of sitting idle”. However, one of two investors, a Chinese mining company, has already started clearing large areas on the south side to expose the coal seams. This as several civil societies are trying to stop the SEZ project with lawsuits. Eventually, it will be the call of Environment Minister Dr Dion George. “He has the power to effectively close it down, which unfortunately will cause a bit of a stink with the Minister Mineral Resources, Mr Mantashe - being Mr Coal in this country - because the whole development, certainly on the south side, is based on a massive exploitation of the coal fields. He would be keen to see that happening. A lot of contestation at Cabinet level and we say bring it on…”
23 Jun 2025 4AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min