NewsPREMIUM

Jacob Zuma stands by his discredited Russian nuclear deal

Former president says the R1-trillion agreement would have prevented SA’s current energy crisis

Jacob Zuma. Picture: SUPPLIED
Jacob Zuma. Picture: SUPPLIED

Former president Jacob Zuma says a proposed nuclear deal with Russia, which emerged as a factor behind the firing of  two finance ministers and market turmoil during his scandal-hit administration, would have prevented the country’s energy crisis.

The R1-trillion estimated cost of the programme — equivalent to about 60% of government expenditure in the 2018/2019  fiscal year — would not have crippled the economy, he insisted, contradicting experts who said that it was neither necessary nor affordable.

If you are already a subscriber, please click on the following link  to go to the full article:  Zuma stands by his Russian nuclear deal

If you would like to subscribe to BusinessLIVE to read the full story, please click here.

PODCAST: Listen to expert commentary on the issue. 

Subscribe: iono.fmSpotify | Apple Podcasts | Pocket Casts | Player.fm

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Comment icon

Related Articles