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CAPE TOWN Cheap Bart Starr Jersey , May 19 (Xinhua) -- The South African government is committed to an open dialogue about its nuclear program, Energy Minister Mmamoloko Kubayi said on Friday.
The government will ensure transparency and accountability during the process, Kubayi said in her budget vote speech in Parliament.
"We will review all the determinations to ensure compliance with the judgment," she said.
The minister was referring to the ruling by the Western High Court last month that orders the government to give up its nuclear program which the court says is "unconstitutional and unlawful."
The court ruled that the government must set aside the deal which would see the procurement of 9.6 gigawatts of nuclear energy.
The deal is expected to cost 1 trillion rand (about 77.5 billion U.S. dollars). The court says this is a deal that the country cannot afford.
Kubayi reiterated her department's decision not to appeal the judgment.
But Kubayi said the government will proceed with the signing of the new Inter Governmental Agreements with five countries, including Russia and the United States, in relation to nuclear cooperation and submit it to parliament within reasonable time.
South Africa is the only country in Africa that utilize advanced nuclear technology for peaceful uses and socioeconomic development.
The SA government has been trying to expand the nuclear program to make up power shortage which is expected to stall growth in gross domestic product (GDP).
The SA cabinet approved the ambitious nuclear deal in December 2015.
Preparations have been already underway for the bidding. Russia and the United States are believed to be front runners to win the bid.
The SA government reportedly has signed an agreement with the Russian state-owned nuclear corporation Cheap Martellus Bennett Jersey , Rosatom, to develop nuclear energy.
Kubayi said that as part of the government's energy mix policy, renewables remain one of the key areas to achieve the mandate of energy security.
She said her ministry "has a critical role to play in ensuring that we secure the supply of energy and petroleum in the country".
The sector currently contributes 300 billion rand (about 22.8 billion dollars) towards the country's GDP and accounts for 90,000 jobs.
"It is our considered view that this sector has potential to contribute more towards GDP and can be able to create more jobs," she said.
NEW YORK, Feb. 13 (Xinhua) -- U.S. stocks added gains Friday Cheap Ha Ha Clinton-Dix Jersey , with the S&P 500 closing at a record high and the Dow Jones Industrial Average above 18,000 for the first time in 2015, buoyed by upbeat eurozone growth data and a recovery in oil prices.
The S&P 500 climbed to a new all-time high of 2,097.03 points on Friday, before closing at a record of 2096.99 points, up 8.51 points Cheap Aaron Rodgers Jersey , or 0.41 percent, with the energy sector rising 1.95 percent to lead gains.
The Dow increased 46.97 points, or 0.26 percent, to 18,019.35, above the round-number mark of 18 Wholesale Green Bay Packers Hats ,000 points for the first time this year.
The Nasdaq Composite Index extended gains after logging its highest level since March 2000 Thursday, up 36.22 points, or 0.75 percent, to 4,893.84.
Seasonally adjusted gross domestic product (GDP) rose by 0.3 percent in the euro area during the fourth quarter of 2014, compared with the previous quarter Wholesale Green Bay Packers Hoodies , said the statistical office of the European Union on Friday. European equities advanced broadly on the better-than-expected economic data.
The German economy increased 0.7 percent in the fourth quarter after expanding 0.1 percent in the previous three months, while data from France showed a 0.1-percent growth.
Strengthening oil prices also provided upward jolts to the stock market. Brent crude rose above 60 dollars a barrel on Friday for the first time this year, as data showed more rigs were pulled out of oil fields in the United States this week.
Light, sweet crude for March delivery moved up 1.57 U.S. dollars to settle at 52.78 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery added 4. 47 dollars to close at 61.52 dollars a barrel.
Meanwhile, Wall Street continued to embrace the Ukraine ceasefire agreement Wholesale Green Bay Packers Shirts , which boosted European and U.S. stocks Thursday. Russia President Vladimir Putin said he and leaders of France, Germany and Ukraine had agreed on the withdrawal of heavy weapons from Ukraine's frontlines and a ceasefire to begin from Feb. 15.
However, U.S. consumer sentiment came out lackluster in the day. The Thomson ReutersUniversity of Michigan's February reading of consumer sentiment index fell to 93.6 from January's 11-year high of 98.1, missing market expectations.
On a weekly basis, the Dow, the S&P 500 and the Nasdaq posted gains for a second straight week Wholesale Green Bay Packers Jerseys , up 1.1 percent, 2.0 percent and 3.1 percent, respectively.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, dropped 4.24 percent to end at 14.69 Friday.
The dollar traded mixed against other major currencies as data from the country came out negative. In late New York trading, the euro slipped to 1.1387 dollars from 1.1413 dollars in the previous session Wholesale Packers Hats , and the dollar bought 118.77 Japanese yen, lower than 118. 87 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange rose as the dollar weakened amid U.S. data showing weaker consumer sentiment. The most active gold contract for April delivery rose 6.4 U.S. dollars, or 0.52 percent, to settle at 1, 227.10 dollars per ounce.
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