The sheer stupidity of investing in nuclear!

The madness of allocating R200 million for nuclear preparedness – remember how much we wasted in the now shut down PBMR technology? The crowding out of the job-creating energy generating non-corruped renewable energy sector in factor of mega-projects that are perfectly packaged for rent-seekers, cost more than renewable energy, will take ages to build, will definitely not cost what they are originally estimated to cost (unlike renewable energy costs that always come in on budget) and will definitely take longer to build than planned. This is a case of investments in 20th century technologies that make no financial sense in a 21st century world that is investing in the only energy whose costs are going down, whose risks are going down and therefore attract long-term patient and intelligent investors. Nene should be spending this R200 million in the tertiary education sector – the returns there will be far quicker, and long-lasting.