At the heart of the cancerous rot in our state is the greed of a predatory faction. In their unceasing efforts to enrich themselves, they are targeting the management of mega-projects, our state-owned enterprises, government procurements and, in particular, the proposed nuclear deal. This is a nuclear deal that we don't need. The proposal has little to do with our energy security, given that our growth projections have been torpedoed by a rudderless leadership and policy uncertainty and do not match the energy requirements of our future economy. It brings no long-term benefits of job creation or local industrial development — this in a country where already one in four South Africans are formally unemployed. A more efficient economy is one that is first and foremost based on reducing waste (demand), then on diversity in its sources (supply). Going with the nuclear option — at a time when most of the industrialised world is abandoning fossil fuels and nuclear energy — with all its in...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.