Daily Insider: When circumstances change, SA must change its mind. On the PBMRs too.

CLICK HERE TO LISTEN TO YOUR EARLY MORNING UPDATE ON NEWS THAT MATTERS: Market holding above 200 day MA (just); Fed Minutes; Bad Chinese news for Naspers on Tencent, Food Delivery; Sibanye smacked despite Rand weakness.LATEST ON BIZNEWS.COM: .DA won't support Ramaphosa MONC…for now – absent from joint opposition presser Land ownership too explosive an issue to allow reckless inaccuracies Bain & Co – still trying to gloss over the shocking factsSupersonic air travel back with a Boom Hold your horses – the ANC is dying, but not yet dead Meet the SARS chief: Revenue service on the road to recovery Explore the highlights of digitalisation's impact on structured notes The UK still offers a fantastic hedge for retail property investors – Sable International with new partner API Global Internet pioneer Andreessen bets $350m on a residential property (Premium).NB: Getting this newsletter second hand? Click here for your own copy. It's free and takes under a minute..Time to revisit SA's long abandoned PBMR programme .News emerged yesterday that Germany plans to postpone closing its last three nuclear power plants. This is the first time the country has deviated from a politically-driven strategy initiated two decades back, and accelerated by former chancellor Angela Merkel after the Fukushima nuclear plant disaster in 2011..Reason: Pragmatism, a concept too often abandoned on the altar of political expediency. Germany is facing a likely shortage of energy in the wake of Russia's invasion of Ukraine. With the West siding against him, Russian president Vladimir Putin has weaponised gas supplies to Europe, threatening a total cut-off in the Northern winter. .Pretoria would do well to replicate Germany's newfound common sense approach to energy procurement. Despite justifiable bitterness around Zuma's proposed Rosatom deal that would have bankrupted SA, it makes no sense for an energy-started nation to abandon nuclear in its entirety. Indeed, SA would do well to dust off a local innovation senselessly abandoned by the ANC for ideological reasons..It's almost eight years since my interview with the CEO of Nuclear Africa Kelvin Kemm, who was then lobbying for the country to resuscitate its much admired Pebble Bed Modular Reactor nuclear programme. It's never too late to admit your mistakes. Especially after recognising that something in front of your nose could have prevented so much suffering..To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: When circumstances change, SA must change its mind. On the PBMRs too.

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