Results 11 to 19 of 19
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02-08-2021, 20:22 #11
- Join Date
- Aug 2011
- Location
- Sandton
- Posts
- 8,771
Re: Article: "Denel PMP also in dire straits"
Denel is much more than PMP. The domestic civilian market in SA for all products that the conglomerate made combined probably didn't equal the value of one foreign order for a few dozen APCs or a missile system refill.
I'm not praise singing, like everything else the government has cosplayed at, they've fucked it up despite the warnings. I am saying that losing industrial capability and infrastructure on this level isn't without consequences that go far beyond the price of ammo for sports shooters. They probably will disappear like a lot of other stuff that we have already paid for but it wont come without additional cost to us.
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02-08-2021, 20:29 #12
- Join Date
- Aug 2011
- Location
- Sandton
- Posts
- 8,771
Re: Article: "Denel PMP also in dire straits"
This SOE supplied stuff that they will continue to buy with our taxes. Now, they'll do it in dollars, paid to foreigners. Over and above what will inevitably get stolen through corruption that money will be used to build the industrial capabilities of other countries rather than ours. We will continue the 'bailout' but it will be to some chinese or russian 'soe'. Its a lose/lose imo.
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02-08-2021, 20:34 #13
- Join Date
- Dec 2009
- Location
- JHB
- Age
- 41
- Posts
- 2,985
Re: Article: "Denel PMP also in dire straits"
Oh no doubt, but at this stage the writing is on the wall. SOE's are done, business with them is risky and to conducted with extreme caution. South Africa and it's government does not have the capacity in neither human capitol nor actual capitol to develop the economy through central panning or spending.
I just wonder how long this sort of thing can play out till something snaps?
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02-08-2021, 20:40 #14
- Join Date
- Aug 2011
- Location
- Sandton
- Posts
- 8,771
Re: Article: "Denel PMP also in dire straits"
As long as our fates are directed by BMW Stalinists in Hugo Boss suits referring to each other as 'Comrade', probably not long.
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02-08-2021, 20:58 #15
- Join Date
- Jan 2014
- Location
- Vuil Driehoek
- Age
- 48
- Posts
- 2,707
Re: Article: "Denel PMP also in dire straits"
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02-08-2021, 21:13 #16
- Join Date
- Jun 2009
- Location
- Bloemfontein/Molo Kenya
- Posts
- 6,102
Re: Article: "Denel PMP also in dire straits"
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03-08-2021, 01:11 #17
- Join Date
- Mar 2012
- Location
- Port Elizabeth
- Posts
- 5,955
Re: Article: "Denel PMP also in dire straits"
Not one SOE is a success story. There were a few glimmers of hope, but they to have fallen by the way side.
Planned destruction.
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05-08-2021, 12:51 #18
- Join Date
- May 2013
- Location
- Gauteng
- Age
- 42
- Posts
- 2,428
Re: Article: "Denel PMP also in dire straits"
Everything cANCer touches, turns to shit. This is why we need privatization because the less control the state has over our economy, our infrastructure, and our everyday lives the better.
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27-10-2021, 09:43 #19
- Join Date
- Oct 2015
- Age
- 73
- Posts
- 94
Re: Article: "Denel PMP also in dire straits"
There is certainly going to be a big knock on effect which will have negative consequences for many small suppliers and more skills lost to SA as they emigrate
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