Outa questions Gazprombank, nuclear procurement announcements

This week’s announcements of government’s plan to pursue the procurement process for 2 500 MW of new nuclear capacity, along with Cabinet’s decision to endorse a R3.7-billion investment deal between PetroSA and Gazprombank to resuscitate the gas-to-liquids refinery in Mossel Bay, “appear to have been taken in haste and lack sufficient transparency, clarity and rationality”, the Organisation Undoing Tax Abuse (Outa) says in a statement. “Both deals smack of a government that is desperate to secure dubious contracts ahead of the 2024 elections, since there is a strong possibility that those currently in positions of power may no longer be around to approve deals of this nature,” posits Outa CEO Wayne Duvenage.