It is crunch time for Necsa

Jamie McKane

MyBroadband Journalist
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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.
 

gamer16

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@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.
 
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Louis72

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Jun 15, 2010
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@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?:ROFL: That is an Oxymoron.
 

Happy Days

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Feb 14, 2017
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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? :unsure:
 
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