Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Plan to retain nuclear skills

Mar 29 2010 07:56 Francois Williams

Related Articles

PBMR expects $10m US boost

SA shifts nuclear focus

SA nuclear plan needs rethink

Nuclear firm's CEO quits

Nuclear jobs under threat

PBMR firm's time running out

 

Top Stories

Xstrata shuts furnaces to aid Eskom

Feb 13 2012 12:15

Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.

SA economy adds 80 000 jobs in January

Feb 13 2012 10:43

Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.

Greece at last approves austerity measures

Feb 13 2012 07:58

Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.

 
Share Share line Print

Cape Town - Trade union Solidarity believes a plan to use the skills within the Pebble Bed Modular Reactor (PBMR) company to the benefit of the broader nuclear power industry could save the jobs of 75% of the company's 800 or so employees.

Last month the PBMR, which is developing a new-generation modular pebble bed nuclear reactor, began a retrenchment process in terms of the Labour Relations Act in the wake of government's decision to cease financial support for the project. About R9bn in state funding has been pumped into this company since its inception.

American nuclear company Westinghouse, which has a 5% stake in the PBMR, previously indicated it might provide funding to help the company continue for longer.

The PBMR has also made a submission to cabinet for an alternative financing model with greater participation by private investors.

Solidarity spokesperson Jaco Kleynhans stated that scarce skills that had vested in the company, ancillary companies and training institutions over more than a decade were critical in supporting local nuclear and technology industries as well as the government's planned nuclear programmes.

The PBMR had been well advanced in designing, licensing and manufacturing components and fuel for a pebble bed modular reactor before the global economic crisis and its local effects led to dissolution of these plans, said Kleynhans.

The economic crisis ensured that a large part of the funding for the PBMR was cancelled before the planned facility could be delivered.

The confluence of the economic crisis, the state funding pipeline being shut off, and the government's procrastination in finalising a nuclear industry strategy could mean that South Africa would dilute or completely lose a set of skills critical to the nuclear industry, he said.

Solidarity was working together with PBMR experts to develop an alternative business strategy that could avoid most of the anticipated retrenchments.

The strategy focuses on the retention of the PBMR's knowledge and experience in the nuclear power industry. This would be accomplished by cooperating with universities to develop leadership and experience in the sector, backing state nuclear power policy through support for the Koeberg nuclear power station as well as the planned construction programme for conventional power stations both locally and internationally, and a continuation of the pebble bed reactor programme.

The PBMR's experience can also be harnessed to support the industrial policy action plan in the development of local manufacturing capacity.

Kleynhans says the most important element in Solidarity's proposed strategy is close cooperation with all players in the nuclear industry.

These include the Nuclear Energy Corporation, the departments of energy and public enterprises, National Treasury, power utility Eskom and the unions.

- Sake24.com

For business news in Afrikaans, go to Sake24.com.

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

NicolaaSmith

IFRS authorize Capital Maintenance in Units of Constant Purchasing Power except during hyperinflation Capital is required to create wealth. Sustainable wealth creation is the sustainable profitable application of real capital. Capital is generally saved up wealth or borrowed financial resources at ... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...