The demise of Denel is a sovereign risk for SA

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The downward spiral of Denel has reached such proportions that it has become part of the new normal: another failing state-owned enterprise.

For every innovation in this sector, there is invariably a spin-off to a vital civilian application.

GPS was a vital military technology originally developed to track a submarine and its missiles remotely. That was as long ago as 1960. Today we used GPS on our smartphones to let us know what the fastest route is on the way to work, as this technology is able to mesh data from other users to provide real time information on traffic congestion.

Lest we forget the array of smaller businesses that depend upon Denel. These businesses will not be able to survive should Denel collapse. This holds true for the incredible galaxy of innovators; scientists and engineers and technicians that once called Denel home. After one-too-many missed pay checks, much of that intellectual elite has now gone, forced to seek greener pastures in the interest of survival.

 

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Yet so easy to fix. Just ask any bank, insurance Co. any Comp. that is profitable year after year, what standards they apply when hiring a CEO. Appoint a parliamentary commission with 1 member from each party, each with 1 vote only. They then vote for the best candidate available

Cyril doesn’t seem to care. I think after ANC South Africa will have to start from zero PresidencyZA

The country is in danger

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