Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
What every young South African needs to know now is how much it will cost their generation when it comes to cleaning up after nuclear power plants (“Nuclear build plan alarms energy analysts”, August 30).
Three Mile Island in the US is a case in point: after the partial reactor meltdown of March 28 1979 the cleanup started in August 1979 and only officially ended in December 1993, at a total cost of about $1bn. That was just unit 2, which developed the incident. A preliminary assessment estimated that the Three Mile Island accident caused a total of $2.4bn in property damages.
As for unit 1: in 2017 it was announced that operations would cease by 2019 due to financial pressure from cheap natural gas, unless legislators stepped in to keep it open. When it became clear that subsidy legislation would not pass any time soon Exelon decided to retire the plant, and Three Mile Island-1 was shut down by September 30 2019. Exelon says it will take nearly 60 years and a further $1.2bn to completely decommission the Dauphin County site.
Meanwhile, more than 240 organisations have demanded that these bailouts be omitted from the state budget and funds be directed to investing in carbon-free, nuclear-free clean energy. Sixteen of the organisations are from Illinois, the most nuclear-reliant state in the US, which is considering a $700m Exelon nuclear bailout in upcoming state energy legislation.
These are facts, not pipedreams or pies in the sky. Enough said.
Peter Smulik Rugby
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.