Mantashe undermined, ignored us – Nuclear SOE board resigns

The remaining board members of the Nuclear Energy Corporation of South Africa have called it quits.

The letter makes reference to the minister’s public utterances that there is “no board” at Necsa, including that he would also exclude the board in meetings between his office and the state-owned companies falling under the department. “Your unavailability and non-responsiveness as a shareholder is concerning. This together with the above stated overreach by your officials, which undermines the responsibility and the authority of the board members, renders it untenable for us to continue serving as directors of the board,” the letter continued.

“In order to avoid a bleak festive period for Necsa employees, the entity managed to pay its employees their salaries for the month of December. This was made possible by various austerity measures, delaying the payment of creditors and placing non-key projects on hold,” read the resignation letter. of the board at Necsa, which had landed on the desk of the company’s acting chief executive, Ayanda Myoli, at the end of November 2019.

Source: Energy Industry News (energyindustrynews.net)

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