International arms companies are poaching key Denel staff

[Hanno Labuschagne]

International arms companies are poaching key Denel staff

Denel is in a desperate state. It is knee-deep in debt, unable to pay full salaries to all employees, and has a tainted reputation in the local and global weapons market.

In a recent presentation to parliament, the company said it faces a funding gap of R2.749 billion over the next five years.

The company has asked the National Treasury for R3.8 billion in financial support to stay afloat and protects its “sovereign and strategic capabilities”.

 

[Gazg]

CEO got out at just about the right time I would say, now's the chance for the BEE candidate to take over, after all the shouting and noise when the former was appointed.....(wink)

 

[My_King]

Denel - Wikipedia

en.wikipedia.org

Hey look, goepta mentioned again

 

[Solitude]

It's amazing how all state owned enterprises just went down the drain. I wonder if the ANC is proud of what they have achieved.

 

[Pineapple Smurf]

Excellent

 

[Jet-Fighter7700]

It's amazing how all state owned enterprises just went down the drain. I wonder if the ANC is proud of what they have achieved.

hold my beer, and watch this.

 

[wingnut771]

It's amazing how all state owned enterprises just went down the drain. I wonder if the ANC is proud of what they have achieved.

Doubt it, that would imply having a thought process.

 

[borro]

It's amazing how all state owned enterprises just went down the drain. I wonder if the ANC is proud of what they have achieved.

Legacy of something, something. Your fault!!!

 

[Vorastra]

With the ANC, South Africa just keeps winning!

@Excalibur please explain.

 

[Milano]

Being poached from a sinking ship? More likely the crew are jumping ship before it goes down.

 

[Shadowchaser1]

Denel rate themselves very highly. Many years ago maybe. Currently they're not even in the in the running for anything. Their Rooivalk helicopter was good in the 1990's. But it's only 4th generation. Some countries (Not on the African continent) are already using 6th generation weapons and aircraft already and developing 7th generation weapons and aircraft. The SA Army is using weapons that is about 40 years old or older. The Gripen C aircraft SAAF have is outdated and a good couple has been mothballed.

The changes from the C-series to E-series include the adoption of a new powerplant, the General Electric F414G, an active electronically scanned array (AESA) radar, and significantly increased internal fuel capacity The price Tag US$ 30–60 million for JAS 39C latest Gripen. (Wikapedia) This basically mean that DENEL is screwed.

 

[rambo919]

SA still had secret stuff worth stealing?

 

[Excalibur]

With the ANC, South Africa just keeps winning!

@Excalibur please explain.

Why always me?

 

[Vorastra]

Why always me?

You seem to love the ANC and they seem to do no wrong.

 

[Yskasmetnstoof]

Another ANC success story.

 

[Yskasmetnstoof]

SA still had secret stuff worth stealing?

Yes - which top politicians stole what and where is the money. Nothing apart from that though. Wait... Maybe also who is still stealing?

 

[ArmatageShanks]

What?

Denel STILL has staff worth poaching?

 

[The_Librarian]

Another ANC success story.

Viva the Emperor, Viva!!!

 

[The_Librarian]

From the article, what Solidarity wrote in a letter to government/Denel:

View attachment 939002

Assuming that to be an accurate account of Denel's management's mindset, it suggests that Denel's management have been filling their socks with some incredibly strong wacky tabacky before smoking said socks.

Denel employees returning? *hollow laugh*

 

[TheChamp]

But who is there to poach? I though all SOEs were full of cadres and uneducated and unskilled BEE/AA people.