Inside the R1.1bn SA Steel Mills deal now under scrutiny

AI Summary

Concerns have arisen regarding a R1.1 billion funding deal from the Industrial Development Corporation to SA Steel Mills. Allegations of poor due diligence and internal accountability failures could threaten over 1,100 jobs.

Previously unreported affidavits have raised serious questions about the Industrial Development Corporation’s R1.1billion funding to SA Steel Mills, including allegations of weak due diligence, disputed financial records and internal accountability failures that have left more than 1 100 jobs at risk