South32's soft-shoe on South African coal exit

SOUTH32 struggled to tell it like it was in this week’s revelation that it was getting ready to quit South African energy coal by making it a stand-alone business from April next year, writes Barry FitzGerald

South32's soft-shoe on South African coal exit South32's soft-shoe on South African coal exit South32's soft-shoe on South African coal exit South32's soft-shoe on South African coal exit South32's soft-shoe on South African coal exit

The move was variously dressed up as a black empowerment initiative, a move to improve the operation’s sustainability, and finally, as a concession to investors worried about global warming.

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