How Denel could be saved

[Jamie McKane]

How Denel could be saved

Denel is in deep financial trouble. It has not been able to pay full salaries for months and it is rapidly losing skills to competing weapons manufacturers around the globe.

The once-proud weapons company with world-leading technology and products has been gutted by corruption and mismanagement and is now begging for money to stay afloat.

 

[Pineapple Smurf]

viva ANC

 

[RedViking]

Eish...

 

[Utterly Confused]

This taken out of the article “The government, however, is under the illusion that” I’m afraid the cANCer is in such an Illusion to the effect that they are totally screwing up the country not just Denel.

 

[Sarg3_ZN]

Achievement Unlocked : Peak Decolonization Reached

 

[Lupus]

Fire the useless, get rid of BEE, uhmm hmmm let me think, sell stuff?

 

[pinball wizard]

How Denel could be saved

Give them the maintenance contract for SAA?

 

[The_Ogre]

Sell it

 

[Shadowchaser1]

Denel and all the other SOE's are famous for all the wrong reasons. Very few international companies will buy in. Whatever is proposed will not fly. Denel is stuck in the twilight zone, thinking somebody will help.

 

[ShaunSA]

Wtf is Jamnadas? He will have a miracle recovery plan

 

[Jet-Fighter7700]

how quickly Denel and all SOE's fell into the endless pit of Corruption and incompetence,
makes you think sometimes how easy it is.

 

[Hemi300c]

Only the anc can be blamed for this

 

[Milano]

The ANC has perfected failure. Layer upon layer of self-defeating bureaucracy to ensure failure. Yet zero checks and balances to prevent corruption or mismanagement. It is almost impossible to believe that failure is not actually the intended aim.

And their solution to this failure? Legislate the private sector and private capital into the same pattern of government-regulated failure. Unbelievable.

 

[envo]

Why do we want to save Denel? Why should we pay 3 billion for them to stay afloat? If this is a business (which I presume they are), then go bust and close your doors, much like how private sector has to when their business fails. There's no bailouts from government when private sector has a failing business and no bank wants to back them to help them through tough times based on the numbers.

So no. FU Denel. You let this happen. You let the rot and corruption take you over, the fully qualified and highly talented people you had working for you left (voting with their feet), so there's no going back. Go lie down in the bed you made and die already. Do the right thing and save South African Tax payers 3 billion by closing your doors.

 

[Vrotappel]

It can only be saved by firing every single ANC, BEE contractor, AA appointment,etc.

 

[ThinkCentre]

If you want to save Denel, let South Africans buy guns and ammunition from them by relaxing the gun laws!