Engineering News reports that Parliament’s Portfolio Committee on Mineral Resources and Energy is opposed to any retrenchments at the SA Nuclear Energy Corporation (Necsa) in order to cope with the corporation’s current financial crisis.  

This was made clear during an oversight visit by the Committee to Necsa on Wednesday.  Necsa briefed the Committee that, during the 2018/2019 financial year, it had had a cash shortfall of R463m.  It has also forecast an additional shortfall of R325m during the current financial year.  “Although a turnaround strategy will be finalised in two months, in the meantime the committee should be provided with a written plan that will be implemented urgently to prevent imminent job losses.  We also invite the organised labour [sic] to write to the Committee with regard to what they believe to be problem areas within the entity and proposed intervention,” said committee chairperson Sahlulele Luzipo.  The MPs also asked Necsa and its subsidiary companies, NTP Radioisotopes and Pelchem, to supply them with information about their mandates, board structures, and remuneration packages.  Necsa assured the Committee that it would develop a turnaround strategy that was consultative, would deal with its cash shortfalls, and ensure its sustainability in the long term.

• Read the full original of the above report at Engineering News
• Read the Portfolio Committee’s press statement at Parliamentary News

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