From Russia with very expensive love - Karyn Maughan on SA's bombed nuclear deal

Loading player...
Jacob Zuma's presidency will be remembered for the wholesale looting of South Africa's fiscus by him, his family, his friends the Guptas, and the political party he led - but don't forget how close we came to indebting future generations with a Russian nuclear deal. The former President was hellbent on pushing the deal through despite National Treasury explaining we had no foreseeable way to fund it. Some very smart litigation by NGO Earthlife Africa ultimately scuppered the deal which the Energy Department was attempting to sneak through. In their new tell-all book, Nuclear: Inside South Africa's Secret Deal, Karyn Maughan and Kirsten Pearson make the minutiae of the R1tn nuclear deal with Russia understandable and digestible. The authors bring to life the narrative of those behind the failed nuclear project including interviews with Zuma himself, the former Energy Minister Tina Joemat-Pettersson, and others. In this interview with Maughan, BizNews deputy editor Michael Appel seeks to better understand the dynamics behind the failed nuclear deal. Plus, an update on the current state of Zuma's arms deal corruption trial. Learn more about your ad choices. Visit megaphone.fm/adchoices
18 May 2022 9AM English South Africa Investing · Business News

Other recent episodes

Tim Cohen: Doubling down on transformation

The fight over transformation policy in South Africa is intensifying as four of the biggest law firms legally challenge the new legal sector codes. Currency News Senior Editor Tim Cohen joins Irakli to discuss the deeper fault lines exposed by this clash, questioning whether the push for 50% black ownership…
18 May 11AM 9 min

Juanita du Preez: The police generals are falling like dominoes…

The deepening crisis in the South African police force has seen generals toppled either through suspension or arrest. In this interview with Chris Steyn, Action Society's Juanita du Preez comments on the suspensions of the National Commissioner, the Mpumalanga Provincial Commissioner, and the Head of Supply Chain Management, as well…
18 May 7AM 16 min