Denel CEO Danie du Toit’s resignation comes as no surprise. The reason is obvious; finding money to pay staff has dominated his tenure at the state-owned enterprise (SOE) and revealed how unstable the once-profitable entity, which public enterprises minister Pravin Gordhan hoped could be turned around, had become.

At least Du Toit is realistic and honourable enough to know when the game is up and, unlike his political head, won’t play Russian roulette with taxpayers’ money under the guise of saving jobs, when his real motive is the survival of the tripartite alliance...

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