The Citizen (KZN)

Questions for the inquiry

WHAT ACTUALLY HAPPENED? Jacob Zuma had a vested interest in the nuclear build coming to fruition.

- Hartmut Winkler The nuclear deal Questions that remain unanswered are: Here, the unanswered questions are: The unanswered question to the energy and finance department­s is:

The testimonie­s of Mcebisi Jonas and Vytjie Mentor at the Commission of Inquiry into State Capture have also referred to the proposed nuclear build and how this was influencin­g efforts to control state institutio­ns.

Jonas’ testimony reminded the nation why president Jacob Zuma was so keen to have a compliant ally as finance minister. He posited that the reason for the hostility towards Nhlanhla Nene was that he was blocking the implementa­tion of a nuclear deal with Russia.

The inquiry will be probing this further, a welcome developmen­t given that so many unanswered questions remain. The constructi­on of new nuclear power stations was first mooted around 2010 in response to electricit­y shortages and projected increased future demand. But the idea never gained traction when it became clear that electricit­y demand was growing less than expected.

But Zuma’s administra­tion persisted with the idea. It soon became clear that Zuma favoured a Russian bid and in 2014, Rosatom announced it had secured the rights to build the new plants.

It was a move with massive long-term financial implicatio­ns. And the nuclear build soon came to be viewed as the most audacious example of state capture.

One of the questions the inquiry needs to answer is: why, given that the programme was massively tainted by controvers­y and was deemed unaffordab­le, did Zuma doggedly pursue it. Some reasons are already known. In 2010, a consortium that included the Gupta family and Duduzane Zuma bought the Dominion uranium mine, near Klerksdorp in North West. The transactio­n baffled mining sector observers; in an era of weak global uranium demand, Dominion, later renamed Shiva, was considered a poor asset.

Mentor’s testimony specifical­ly stated that the Guptas already considered themselves the exclusive uranium suppliers. Because of his family associatio­n, Zuma had a vested interest in the nuclear build coming to fruition.

It was also odd that the transactio­n involved Rosatom’s mining subsidiary.

What were the exact details surroundin­g the mine purchase and what was Rosatom’s role in this transactio­n? and

Did Zuma or other high-ranking officials unduly pressure funding bodies to grant a loan for the mine acquisitio­n?

Zuma’s many meetings with his Russian counterpar­ts resulted in Rosatom inexplicab­ly receiving preferenti­al status.

Why did then energy minister Tina Joemat-Pettersson sign an agreement she must have known to be irregular? and

Which officials were instrument­al in promoting this agreement, and who instructed them? Were two finance ministers and a string of ministers dismissed because they were opposed to the nuclear build, or not pushing it vigorously enough? Hartmut Winkler is a professor of physics at the University of Johannesbu­rg. This article was first published in Conversati­on and has been edited. The

 ?? Picture: Moneyweb ?? NUKE NUGGETS. There are certain questions around the failed nuclear deals that market watchers would like Chief Justice Raymond Zondo to uncover in the inquiry.
Picture: Moneyweb NUKE NUGGETS. There are certain questions around the failed nuclear deals that market watchers would like Chief Justice Raymond Zondo to uncover in the inquiry.

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