Share

NECSA salary payments hang in the balance as corporation, energy dept scramble for funds

The Nuclear Energy Corporation of South Africa acknowledged to Fin24 Monday afternoon that its ability to pay salaries to employees at the end of January is within doubt.

This followed a tweet from energy expert and managing director of EE Business Intelligence, Chris Yelland, which said NECSA's acting CEO, Ayanda Maloyi, told employees on Monday that the company would not be able to pay salaries at the end of the month.

Last week, the three remaining members of the NECSA board handed in their resignations to Minister of Mineral Resources and Energy, Gwede Mantashe, which the Organisation Undoing Tax Abuse blamed on interference from government.

Contacted by Fin24 on Monday afternoon for comment, Department of Energy spokesperson David Shabangu referred all questions to NECSA. NECSA spokesperson Nikelwa Tengimfene told Fin24 that the corporation was working with the department to seek a solution and pay salaries on time.

"NECSA is currently facing serious financial difficulties and management is working with the department of mineral resources and energy to find a solution. Urgent priority will be given to ensure that salaries for staff are paid on time," said Tengimfene.

Speaking to reporters last week, when asked about the board resignations and the alleged interference that caused them, Mantashe said there was no way to protect NECSA from financial and operational risks without improving its governance first.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.21
-0.5%
Rand - Pound
23.95
-0.7%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.48
-0.7%
Rand - Yen
0.12
-0.2%
Platinum
912.40
-0.8%
Palladium
1,005.00
-2.1%
Gold
2,314.58
-0.3%
Silver
27.17
-0.5%
Brent Crude
88.42
+1.6%
Top 40
68,574
+0.8%
All Share
74,514
+0.7%
Resource 10
60,444
+1.4%
Industrial 25
104,013
+1.2%
Financial 15
15,837
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders