Whatever profits are to be made will be pocketed not by South African pension funds invested in JSE-listed firms, but by Chinese-owned contractors. The South African taxpayer will be saddled with paying the debt to China to construct all the infrastructure needed.
The company overseeing the development of a proposed Chinese-backed industrial park in Limpopo says it has ditched plans to build a coal power station and will instead use solar power.
MMSEZ chief executive Lehlogonolo Masoga, the Limpopo Economic Development Agency and the consulting agency Enviroxcellence failed to address the concerns of people living in the Vhembe biosphere