The government is about to move from signing framework agreements to actually opening a tender for a major nuclear programme.
The Money Show’s Bruce Whitfield interviewed Peter Attard Montalto, Emerging Markets Economist at Nomura plc London, about this development (and the latest on the rand).
Scroll down for quotes from the audio below.
We don’t need nuclear power. This is perplexing.— Peter Attard Montalto
Geopolitics is driving this to some degree.— Peter Attard Montalto
It’s possible for tendering to be transparent.— Peter Attard Montalto
There is a very deep split within the ANC between people who can’t see the point of it versus others with their own agenda who wants to push ahead.— Peter Attard Montalto
This is not necessarily going to get off the ground.— Peter Attard Montalto
There’s a risk that delays, as people take years to argue, will cause more electricity shortages.— Peter Attard Montalto
The rand is close to fair value right now.— Peter Attard Montalto