BUSINESS DAY TV: Maybe we don’t need nuclear right now as smelters shut down
EE Publisher’s Chris Yelland discusses whether President Jacob Zuma’s nuclear ambitions are likely to come to fruition, and the implications for the countryBUSINESS DAY TV: Despite concerns over the potential costs of SA’s nuclear procurement programme, President Zuma has said that it will go ahead. Nomura economist Peter Attard Montalto is convinced that this move will push the ratings agencies to downgrade SA to junk status as the fiscus just won’t be able to handle the capex (capital expenditure) needed for a project like this. Well, joining us on News Leader to share his views is EE Publisher’s MD and energy analyst Chris Yelland.Chris...maybe starting with Peter Attard Montalto’s point, do you think going nuclear could bankrupt SA or at least push us down to that junk status?CHRIS YELLAND: I certainly agree it’s all about the money and we haven’t yet figured out in SA, despite many years of talking, that the business model that we’re going to approach it with, for example the E...
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