Cantillon Overdrive... And The Bitcoin Breakout
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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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 Katzenellenbogen. He adds that the last time the company made a profit was in 2016/17, ‘R282m, whic...
Source: irr.org.za