NECSA salary payments hang in the balance as corporation, energy dept scramble for funds | Fin24
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NECSA salary payments hang in the balance as corporation, energy dept scramble for funds

Jan 20 2020 18:32
Khulekani Magubane, Fin24

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.

necsa  |  chris yelland  |  south africa  |  salaries


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