Necsa chair sets out his mis­sion


The Citizen (KZN) - - Business - Ciaran Ryan

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.

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