LETTER: Denel has never been economically viable
Its managerial incompetence and corruption were inherited from Armscor
11 March 2021 - 16:11
Just who does Denel’s acting board chairperson, Gloria Serobe, and her colleagues at the department of public enterprises, think they are fooling when she claims Denel is “not trading recklessly”?
Former ANC leader the late Oliver Tambo rightly said during the 1980s that Armscor was a “Frankenstein monster that cannot be reformed and must be destroyed”. As part of that Armscor monster Denel was hived off in 1992 in a vain effort to disguise that reality. In addition to managerial incompetence and corruption inherited from Armscor, Denel never has been economically viable...
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