Home South Africa News SA cannot afford major nuclear expansion, says Mashatile

SA cannot afford major nuclear expansion, says Mashatile

South Africa cannot afford large-scale expansion of its nuclear power fleet, but would still be open to future nuclear deals with Russia, African National Congress treasurer-general Paul Mashatile said on Thursday.

Mashatile said the government would not take the “Big Bang approach” to nuclear expansion.

He was speaking during a business breakfast on the sideline of the Brics summit in Johannesburg.

Paul Mashatile

Mashatile said the ANC wants greater private investment in struggling state-owned power utility Eskom.

He also said the ruling party was holding discussions about splitting up Eskom’s operations.

Cash-strapped Eskom reported a R2.3-billion loss for the financial year which ended in March.

The Democratic Alliance on Wednesday called on Eskom to make public the terms of its R33.4-billion loan from the China Development Bank.

Meanwhile, the power utility has been locked in wage negotiations with three trade unions for over a month now.

Negotiations are set to resume on Friday.

Source: eNCA

 

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