Necsa poised for year-long ‘rationalisation’ as it warns of R331m loss

The South African Nuclear Energy Corporation (Necsa) expects to formally initiate a year-long rationalisation of the State-owned enterprise in September, while warning of a likely R331-million loss for the current financial year. Addressing lawmakers on Tuesday chairperson David Nicholls confirmed the board’s support for a rationalisation of the group into a single operating company and reported that a streamlined governance structure had already been put in place, with the collapsing of the NTP and Pelchem boards into the Necsa board.