Will South Africa be able to raise the money to purchase a nuclear power reactor? Probably not. The Treasury recently admitted that it has done no costing or affordability study for nuclear power, and the 2015 budget made it clear that no money has been allocated for the next three years.

And every year, prospects get bleaker for the nuclear industry…
In addition, the falling value of the Rand, and the constantly increasing dollar cost of nuclear plants make it less affordable for South Africa with each year that passes. But just because the train will never reach its destination, that doesn’t mean you can’t get aboard and enjoy the gravy! Continue reading →