Axed Necsa board blames resistance of ‘privatisation by stealth’ for dismissal Energy minister replaces entire board in 48 hours while apparently planning to sell the national asset to a US company. Ciaran Ryan <www.moneyweb.co.za/?author=520218> / 18 December 2018 00:03 14 comments <www.moneyweb.co.za/news/south-africa/nuclear-energy-corporation-board-fired-for-resisting-privatisation-by-stealth/#to-comments>
Energy minister Jeff Radebe fired the entire board of the South African Nuclear Energy Corporation (Necsa), one of the few stable state-owned companies, apparently because there are plans afoot to sell it off to a US company.
That’s the claim made by several members of the previous board and outside energy specialists, who view with alarm the possibility that one area where SA is a world leader – in the production of medical isotopes for the treatment of cancer – may end up in foreign hands. The world is on the cusp of a nuclear medical revolution in the treatment of cancer, and Necsa is leading the way in this field. Global demand for nuclear isotopes is reportedly about to explode.