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South African nuclear group under financial stress, but optimistic about recovery

By:  
Creamer Media Senior Deputy Editor
 
NUCLEAR
The South African Nuclear Energy Corporation (Necsa) is currently facing financial pressures, the State-owned group’s Chief Executive, Phumzile Tshelane, has confirmed to Engineering News Online. “At the moment, Necsa is under financial stress, because [subsidiary] Pelchem is loss-making and we need to support it,” he said. The Necsa group includes two subsidiary companies, speciality fluorine chemicals business Pelchem, and medical and industrial radioisotopes (and related products) manufacturer NTP Radioisotopes. (Other Necsa units and operations include the SAFARI-1 research reactor, Pelindaba Enterprises and the Nuclear Skills Training Centre.)
 
 
 
 
 

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