It is crunch time for Necsa

[Jamie McKane]

It is crunch time for Necsa

It is crunch time for South Africa’s state-owned national nuclear company, the South African Nuclear Energy Corporation (Necsa), which ran out of operating capital several months before its financial year-end.

The company is desperately awaiting an annual grant allocation of some R500-million from the government for its new financial year, which commences on 1 April 2020. However, calculations based on current revenue, operating costs and financial commitments indicate that the grant will only see Necsa through to September 2020.

 

[ArmatageShanks]

@Jamie McKane

Here is a challenge, its important to report on all the click producing things because you know, money. But how about one, just one, feel good story about a successful state enterprise doing good or good things? Seriously.

 

[RudderVator]

@Jamie McKane

Here is a challenge, its important to report on all the click producing things because you know, money. But how about one, just one, feel good story about a successful state enterprise doing good or good things? Seriously.

Successful state enterprise? That is an Oxymoron.

 

[Happy Days]

Finally, what remained of the replacement board appointed by Radebe in December 2018 resigned en masse in January 2020 citing a lack of support from Minister Mantashe

Uncle Gweezy loves his coal - they should have known better.

The question still remains though ... what are they spending the money on?

 

[MidnightWizard]

The question still remains though ... what are they spending the money on?

Overheads
Does not matter how much you spend -- IF -- your INCOME is insufficient to cover your RUNNING costs !