Kingsmead Office Park

Last month’s approval of a New Development Bank loan of US $200 million to expand the Durban container port occurred without the Sandton-based bankers doing adequate consultation or analysis. This is not only unacceptable in a democratic society, especially for such an important and controversial project. It also makes mockery of claims the Brazil-Russia-India-China-South Africa (BRICS) bloc acts differently than arrogant Washington bankers.

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