Jamie McKane
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Explosive letter reveals misuse of Necsa funds
An explosive letter on 17 Oct 2019 from the current Nuclear Energy Corporation of South Africa (Necsa) board to the Parliamentary Portfolio Committee on Minerals and Energy reveals new information relating to misuse of Necsa funds by the former board under fired former chairman Kelvin Kemm and former CEO Phumzile Tshelane.
The letter reveals that Necsa has been making massive operating losses since 2014, which have deteriorated over the years and resulted in various ring-fenced funds being irregularly used to meet operating expenses, including salaries.
An explosive letter on 17 Oct 2019 from the current Nuclear Energy Corporation of South Africa (Necsa) board to the Parliamentary Portfolio Committee on Minerals and Energy reveals new information relating to misuse of Necsa funds by the former board under fired former chairman Kelvin Kemm and former CEO Phumzile Tshelane.
The letter reveals that Necsa has been making massive operating losses since 2014, which have deteriorated over the years and resulted in various ring-fenced funds being irregularly used to meet operating expenses, including salaries.