IF SA is going to invest R1-trillion or more in new nuclear power plants, we should be very concerned about what’s going on at the Nuclear Energy Corporation of SA (Necsa).Indeed, we should probably be concerned at the state of this entity whether or not we’re contemplating any more nuclear power stations. This is yet another state agency whose finances and governance are in shambles.The government’s apparent inability to preserve the integrity or financial health of these entities puts large question marks over whether they should be state-owned at all (and even whether they should exist).Necsa has been operating without a functioning board or a permanently appointed CE.Phumzile Tshelane, whose CE contract has been renewed on a monthly basis since July, faces court action on two fronts. The Companies and Intellectual Property Commission has applied to the High Court in Pretoria for Mr Tshelane to be placed on probation for behaviour inconsistent with his duties as a director in ter...
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