At last, a hard fact on Coega

THIS is an important day in the continuing saga of who is going to build a new crude oil refinery in this country. Why? Because the PetroSA spokesman let slip in Business Report this morning that the main difference between Drako Oil's plans for a refinery in Richards Bay and the PetroSA plan for one in Coega is that " We have R11 billion in cash in the bank." Ho,ho! Now are we poor taxpayers to imagine that all this R11 billion is earmarked for the Coega thingummy? If so, where is the rest of the R34 billion coming from? Still, reference to actual money-- and in a bank, at that -- is welcome amidst the swirls of hot air circulating around the matter. Spigot hopes the spokesman didn't "mispeak" as the Americans would say.