LETTER: Bailing out failed Denel deprives education and health of funds
Idea that arms maker can profitably export weapons to kill foreigners is economically absurd and morally grotesque
It comes as no surprise that Denel is financially bust and unable to meet its salary bill for June (“Skint Denel not able to pay full salaries for June”, June 25).
It was evident back in 1994 that Denel was not then and never could be financially viable. Tens of billions of taxpayers’ rand have been poured down this drain during the past 25 years, diverting public resources away from priorities such as education and health.