IDC veers off the rails, tries to justify the unpalatable

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IDC CEO Tshokolo Petrus Nchocho. Picture: Leon Sadiki
IDC CEO Tshokolo Petrus Nchocho. Picture: Leon Sadiki


There is something frankly morally questionable about the conduct of the Industrial Development Corporation (IDC) lately.

It recently launched an urgent court application for the business rescue of the only black women-owned company in South Africa, Kalagadi Manganese.

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ANC secretary-general Ace Magashule has written a letter suspending party president Cyril Ramaphosa in apparent retaliation after he was served with a letter of suspension on Wednesday.
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