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Over the past decade, the South African government has begun shovelling what could be South Africa’s largest-ever industrial subsidies – probably in excess of R10 billion - into the Coega industrial zone complex and port, located about 20 kilometres from Port Elizabeth within the Nelson Mandela Bay Municipality (NMBM) area.
Government proponents say Coega represents sound industrial and development policy, but critics consider the project a “corporate welfare” giveaway replete with socially insensitive and eco-destructive features, especially noticeable as renewed attention is being given to climate change.
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