logo

News

Zuma says S.Africa's nuclear expansion plan on despite tight funds

PUBLISHED: Wed, 14 Sep 2016 07:23:22 GMT

South Africa’s President Jacob Zuma said on Tuesday that a process by the government to expand nuclear power generation was continuing despite the Treasury saying funds for the project were not immediately available.

Africa’s most industrialised country has said it intends to build new nuclear power stations to reduce its heavy dependence on coal but critics have said the costs will be prohibitive and have questioned the transparency around the process.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.