09 December 2016

Embargo: 14:00 Friday, 09 December 2016

The Cabinet has announced the extension of the contract of the CEO of Necsa for a further three years.

The current CEO Mr Phumzile Tshelane has been on a month-to-month contract for the past year due to a difference of opinion with the previous board in 2015.  A totally new board was appointed in March 2016.

After not submitting annual financial statements to Parliament in 2015, due to disagreements between Necsa and the Auditor General concerning financial provisions for nuclear decommissioning, all financial statements were submitted to Parliament on time in 2016.  Differences of opinion with the Auditor General were resolved.

The Cabinet endorsed the reappointment of Mr Tshelane after the current Board of Necsa provided a recommendation to Cabinet that Tshelane be appointed.

The Chairman of Necsa, Dr Kelvin Kemm said:  “I am really pleased that Cabinet has endorsed our recommendation.  Mr Tshelane, a nuclear physicist, has had many years of experience in the nuclear field and also in the wider electricity landscape.  He has also demonstrated superior management skills in a complex environment.  My board is confident in its selection of Mr Tshelane to serve an additional three years as CEO of Necsa.”

Necsa has an extensive international footprint and is planning to expand its international business.

Dr Kemm said:  “As the second largest market shareholder in the world for nuclear medicine, which we export to over 60 countries, our international dealings are extremely important.  We are also expanding nuclear technology exports, and mutual technology developments, with a number of countries.  Mr Tshelane already has extensive international experience in the field and his business perspective and international reach is well respected in many countries.  The Necsa board considers this to be most important.”

Dr Kemm went on to add that :  “With the international expansion currently taking place in nuclear development, Necsa is positioning itself to take advantage of both the domestic and international business opportunities which are evident.  The Necsa remuneration structure, across the board, is being adjusted to reflect the importance of every member of staff having a personal focus on financial profitability.”

Issued by Dr Kelvin Kemm – Chairman of Necsa

Contact Person:        Carol van Niekerk (PA to Chairman)

                                    Cell no: (074) 376 4519

Necsa Contact Person: Senior Manager Communication & Stakeholder Relations, Nikelwa Tengimfene

Contact: 082 574 5495

Email address:  Nikelwa.Tengimfene@necsa.co.za