LETTER: Don’t let Denel export death
Pleas for further bail-outs should be refused on moral and financial grounds
11 July 2019 - 05:00
Given its past record of empty boasts of profitable exports while repeatedly begging for bail-outs, only the gullible will now believe the most recent Denel claim of a potential R30bn export of arms over the next two years (Denel Asks for R2.8bn Cash Injection from the Government, July 5).
The government should therefore heed Terry Crawford-Browne’s advice and reject out of hand Denel’s request for a further R2.8bn and also take a firm decision to close down Denel (Dodgy Denel Must be Shut Down, July 9)...
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