LETTER: Denel an albatross around taxpayers’ neck
No matter who is appointed CEO, it is glaringly obvious the entity is beyond rescue
20 August 2020 - 16:11
Terry Crawford-Browne is correct in saying that Denel is unfixable and should be liquidated. (“Denel is unfixable and Business Day should know it”, August 18).
The postapartheid government was unrealistically optimistic in believing Denel would become a profitable arms exporter. For most of its existence this state-owned enterprise has been an albatross around the neck of the SA taxpayer. This has meant we have either paid in full or subsidised outrageously high salaries for its employees...
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