Necsa reports R125m profit as Cabinet names new board after governance tussles

The South African Nuclear Energy Corporation (Necsa) has reported a net profit after tax of R125.2-million for the financial year to March 31, 2025, while Cabinet has appointed a new board following a recent spate of resignations that left the board inquorate. Addressing the Parliamentary Portfolio Committee on Electricity and Energy on October 15, CEO Loyiso Tyabashe reported that the Necsa Group had also achieved an unqualified audit opinion having failed to do so since 2020/21.