LETTER: Denel is unfixable and Business Day should know it
Denel should finally be liquidated as a matter of national priority
18 August 2020 - 15:59
It was glaringly evident 25 years ago during the Cameron commission of inquiry into Armscor that Denel (as the offspring of the apartheid era and Armscor) could never be economically viable.
Armscor was revealed during that investigation to be managerially incompetent and irredeemably corrupt. Instead of immediately disbanding both Armscor and Denel, the ANC poured tens of billions of public money into the grotesque assumption that killing foreigners is a lucrative and profitable business...
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