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Necsa board states agency has dire finances

Creamer Media Senior Deputy Editor
The South African Nuclear Energy Corporation (Necsa) issued on Thursday a curt response to the press release issued the day before by the National Education, Health and Allied Workers Union. In its statement, the union alleged that the Necsa board was proposing to retrench 400 employees and perhaps sell some of its assets. “The Board inherited a dire financial situation when it assumed office in December 2018, with cash flow shortfalls of hundreds of millions of rand and empty order books across divisions,” stated Necsa. This situation it blamed on policy uncertainty concerning the construction of new nuclear power plants for South Africa.

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