Necsa chair sets out his mission
SUSTAINABLE ENERGY: RESTORING STABILITY AND BOOSTING STAFF MORALE ARE KEY
Company in talks with energy department, banks for financial support.
shutdowns of its medical isotopes plant.
“Given the present financial crisis at Necsa, there’s very little money in the kitty,” said Nicholls.
“We’re in discussion with the department of mineral resources and energy and through them, other government departments, and also with the banks about getting support. We paid wages last month and all other bills and that’s going to be a challenge for the next few months.”
Repeated changes in directors and management, coupled with the financial crisis, has taken a toll on staff morale.
Restoring morale and reviving commercial operations are priorities for the new board.
The NTP medical isotopes division is the main money-spinner at Necsa, but has been shut down for the best part of a year for both technical and regulatory reasons.
It is now up and running, but the supply interruptions caused by the shutdowns have damaged customer relations, which could take a year to restore, says Nicholls.
It exports life-saving medicines used in the treatment of cancer to more than 60 countries. The nuclear regulator ordered the shutdown of the NTP medical production plant for several months, due to inadequate paperwork related to safety compliance.