The South African Nuclear Energy Corporation (Necsa) generated better financial results and audit outcomes during the 2023/24 financial year, the State-owned entity has reported. It credited this improvement to a turnaround strategy that was initiated by its board during the 2021/22 financial year. This strategy involved the restructuring of the group, to create seamless internal operations across all its components. “This turnaround is evident in Necsa meeting 93% of the Shareholder Compact targets and achieving profitability and an unqualified audit outcome,” highlighted Necsa board chairperson David Nicholls. “We owe our success to the dedication of our people at Necsa who have delivered on the strategy and cannot forget the support of our shareholder and other key stakeholders. While we appreciate that we have turned the corner, we are now focused on growth for long-term sustainability.”