Nuclear board quits amid dire financial straits
The remaining board members at the troubled Nuclear Energy Corporation of SA (Necsa) have all resigned.
They reportedly cited lack of support and political interference when they tendered a combined resignation letter to Energy Minister Gwede Mantashe.
The five board members, including chairperson of the board resigned as a result of the totally dysfunctional relationship between the NECSA board and minister Gwede Mantashe, and his apparent unwillingness to address the deep financial problems facing NECSA.— Chris Yelland (@chrisyelland) January 15, 2020
Energy expert Ted Blom, says Necsa, like Eskom and other state-run entities, has been mired in a financial and operational crisis.
It's not new news in terms of what's happening at different SOEs.Ted Blom, Independent energy analyst
I think there is going to be major changes in the governance of all these units, including Necsa.Ted Blom, Independent energy analyst
Listen to the analysis:
Positioning your business for success - what does this phrase even mean?Read More
Personal Finance - Tips on how to invest your money.Read More
CNN business editor Richard Quest pulled no punches about South Africa when Bruce Whitfield interviewed him in Davos earlier.Read More
Vitality Air (from Canada) bottles air in the Swiss Alps then sells it for $23 a can. It’s like The Lorax (Dr Seuss), but real.Read More
Incoming spokesman Sikonathi Mantshantsha says he'll continue contributing to the people of SA through his appointment at Eskom.Read More
The Mahindra KUV100 is the most affordable new car in South Africa. Motoring journalist Ciro de Siena took it for a drive.Read More
Peter Pickford says go-ahead for West Coast project a classic example of govt rushing a development, not considering consequences.Read More
CEO André de Ruyter sat down with Business Insider SA and says 'significant changes' are coming at the beleaguered power utility.Read More
For the first time, the World Economic Forum ranks the climate crisis as the main risk the world will be facing this decade.Read More