We present a detailed study of the kinematic, chemical and excitation properties of the giant Ly$alpha$ emitting nebula and the giant ion{H}{I} absorber associated with the $z = 2.92$ radio galaxy MRC 0943--242, using spectroscopic observations from VLT/MUSE, VLT/X-SHOOTER and other instruments. Together, these data provide a wide range of rest-frame wavelength (765 AA$,$ -- 6378 AA$,$ at $z = 2.92$) and 2D spatial information. We find clear evidence for jet gas interactions affecting the kinematic properties of the nebula, with evidence for both outflows and inflows being induced by radio-mode feedback. We suggest that the regions of relatively lower ionization level, spatially correlated with the radio hotspots, may be due to localised compression of photoionized gas by the expanding radio source, thereby lowering the ionization parameter, or due to a contribution from shock-heating. We find that photoionization of super-solar metallicity gas ($Z/Z_{odot}$ = 2.1) by an AGN-like continuum ($alpha$=--1.0) at a moderate ionization parameter ($U$ = 0.018) gives the best overall fit to the complete X-SHOOTER emission line spectrum. We identify a strong degeneracy between column density and Doppler parameter such that it is possible to obtain a reasonable fit to the ion{H}{I} absorption feature across the range log N(ion{H}{I}/cm$^{-2}$) = 15.20 and 19.63, with the two best-fitting occurring near the extreme ends of this range. The extended ion{H}{I} absorber is blueshifted relative to the emission line gas, but shows a systematic decrease in blueshift towards larger radii, consistent with a large scale expanding shell.
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