Parliament - Policy uncertainty over South Africa's nuclear build programme contributed to the crisis the South African Nuclear Energy Corporation (Necsa) and its entities currently find itself in, MPs heard on Tuesday.
The board of Necsa and its entities were briefing Parliament's energy portfolio committee about the state-owned company which faces uncertainty after the Auditor General last week alerted MPs to the fact that Necsa's ability to keep operating is in question after it received a negative audit opinion in 2017/18, a mere year after it received a clean audit.
While board chairman Rob Adam told MPs Necsa remained a going concern for the moment, "the trajectory is towards it not remaining one".
Corporate governance failures, one of the reasons Energy Minister Jeff Radebe fired the Necsa board in December last year replacing it with a new one, was cited as a reason for the declining financial position as well as the expectation of a nuclear build programme - a plan which has since been put on hold.
"For the best part of a decade and a half, there has been talks of a nuclear new build. Necsa has been requested to retain nuclear capabilities over that period and yet this new build never materialised."