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Denel cold shoulder as SAA, Eskom grab bailouts – SOE in 'spiral of terminal decline' - Biznews — Institute Of Race Relations

Denel cold shoulder as SAA, Eskom grab bailouts – SOE in ‘spiral of terminal decline’ - Biznews 17 March 2021 - Denel, the state-owned defence company, is in a spiral of terminal decline. It would seem that Denel, South Africa’s state-owned aerospace and military tech company, is heading the same way as other SOEs. ‘In the financial year ending in 2020 its losses were R1.9bn, mainly due to rising operating costs, which is often a sign of high management overheads’, writes Jonathan K...
United Kingdom South Africa Saudi Arabia United Arab Emirates South African Jonathan Katzenellenbogen
Source: irr.org.za

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