EXECUTIVES and directors of the Nuclear Energy Corporation of SA (Necsa) were humiliated in Parliament on Thursday and ordered to leave the portfolio committee on energy for being unable to present the company’s annual report and financial statements.
Necsa, which hopes to lead SA’s nuclear expansion, should have finalised its reports by the end of last month.
The ejection of the team, which travelled from Pretoria, again highlighted the mess at Necsa. African National Congress (ANC) MPs suspect serious financial and governance irregularities and there are also clear leadership problems. The board has collapsed and the CEO’s contract is being renewed monthly. There are also tensions within the ANC over who should lead the nuclear programme.
Source: Business Day Live
Link for further reading: http://www.bdlive.co.za/business/energy/2015/10/16/mps-eject-necsa-grill-petrosa-execs
Necsa are the clowns who are supposed to bring in the nuclear energy expansion to South Africa. The more I read about this, the more I fear that Medupi and Kusile might pale into insignificance in time overruns and money wasted.