How Denel could be saved

Jamie McKane

MyBroadband Journalist
Joined
Mar 2, 2016
Messages
7,000
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.
 

Utterly Confused

Senior Member
Joined
Feb 8, 2015
Messages
558
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. :mad:
 

Lupus

Honorary Master
Joined
Apr 25, 2006
Messages
33,022
Fire the useless, get rid of BEE, uhmm hmmm let me think, sell stuff?
 

Shadowchaser1

Well-Known Member
Joined
Nov 14, 2018
Messages
376
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.
 

eg2505

Honorary Master
Joined
Mar 12, 2008
Messages
23,271
how quickly Denel and all SOE's fell into the endless pit of Corruption and incompetence,
makes you think sometimes how easy it is.
 

Milano

Honorary Master
Joined
Feb 7, 2004
Messages
15,994
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

Expert Member
Joined
Jan 14, 2014
Messages
3,189
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

Bulls fan
Joined
Feb 22, 2005
Messages
21,457
It can only be saved by firing every single ANC, BEE contractor, AA appointment,etc.
 

ThinkCentre

Expert Member
Joined
Mar 8, 2011
Messages
3,003
If you want to save Denel, let South Africans buy guns and ammunition from them by relaxing the gun laws!
 
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