Meltdown at Armscor?

[gregmcc]

http://www.fin24.com/Companies/Industrial/Meltdown-at-Armscor-20121024

State-owned arms company Armscor appears to be falling apart, with a civil war raging in the boardroom.

The major issue seems to be chairperson Mojo Motau's refusal to vacate his position after he was fired by the previous minister of defence.

Oh gee - another company going down the tubes? :erm:

 

[LazyLion]

Oh gee - another parastatal/puppet company going down the tubes? :erm:

FTFY!

 

[Hemi300c]

Shoot him..............

The same as the previous Mayor of Pretoria, these fckrs don't accept they are fired and must go, they think the world owes them and hence the attitude, corruption and state of the country.

 

[Stokstert]

Armscor falling apart......what's new?? Going on for years already, been there.

 

[wily me]

Mojo Motau's refusal to vacate his position

The self entitlement of the brainless idiots really is something to admire. He can't do the job but want to hold on to the position. Must be the overseas trips and free for all expenditure that make him want to stay even if they sank Armscor.

 

[grok]

The only real question is what took Armscor so long? Funny how these well performing companies under the previous government all need to be 'turned around' under the ANC's transformation policies. African solutions to African problems my arse.

The forumites are correct, the ANC is a cANCer!