The Department of Environmental Affairs recently granted an environmental permit for a new 4000-megawatt nuclear plant, close to the continent’s only existing nuclear site, at Koeberg in the Western Cape. This is despite former finance minister Malusi Gigaba recently stating that construction of a new plant was unaffordable. Greenpeace Africa has vowed to protest the construction of the new nuclear plant, saying it would infringe on the environmental rights of present and future citizens of the country. President Cyril Ramaphosa conveyed at the World Economic Forum in Davos, Switzerland that the country’s economy indicates that South Africa cannot afford to build a major nuclear plant. Perhaps the permit granted to Eskom should be revisited.
Business Report 5th March 2018 read more »