JAMIE CARR: Denel shooting itself in the foot
Denel has plunged to a loss of R1.7bn that may not match SAA’s more spectacular years but certainly suggests the company has promise
It can be a surprise to safari novices that the most terrifying charge they witness does not come courtesy of our four-legged friends, but of the person who presents the bill. Wilderness is certainly not averse to charging like a particularly musthy Loxodonta africana, but the punters are queuing to pick up the big tabs because of the astonishing quality of the experiences Wilderness offers, and the company matched its best-ever occupancy rate in the interim period. Wilderness attributed its success to a strong US market — 46% of its revenue. This was boosted by the dollar’s appreciation. Its Mombo camp in the Okavango reopened after a rebuild, while political stability in Kenya put that destination back on the shopping list. There may also be a sense that despite global political and economic risks, the climate remains benign for the older, richer tourists who are Wilderness’s target market. As well as operating camps, Wilderness aims to own the client by offering a vertically inte...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.