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

The Mail & Guardian | 08.05.2026 05:25
Previously unreported affidavits have raised new questions about due diligence processes and a flawed business case upon which the Industrial Development Corporation (IDC) relied to provide more than R1.1 billion funding to SA Steel Mills (SASM), a steel manufacturing company based in Meyerton east of Johannesburg.