10/03/2005

Denel fumbles the ball

I've never been a big fan of the pimps of death weapons industry with their widespread corruption and shady dealings, but even this made me sit up and take notice.

 

Seems the uppity Indians took exception to our attempts to buy favour and cancelled the deal in the sale of 400 Anti-Material Rifles as well as deals for an ammunition plant and artillery. I mean what is the world coming to when an arms deal can't be tainted with the stink of ill-gotten gains. This travesty cannot stand and I suggest we sent the Minister of Corruption Deputy President of the ANC (Jay-Z) to ensure that the global standard of corruption be equally applied to this deal forthwith! I mean come on we had to put up with the same BS during OUR arms deal, why should the Indians have it any better. (suddenly the penny drops) The shock, the horror........you mean.....it is possible to.....CANCEL these deals after proven corruption?? Someone get EAAR on the line immediately.  

 

Of course the cherry on the top is the apparent cronyism that has also "torpedoed" other deals -

 

"If alleged undue influence cost Denel its market in India, it appears the alleged asking of bribes by a senior manager has poisoned the Middle East as a market as well. The manager, whose name is known to Sapa, and who is the brother of a senior Defence Secretariat official left Denel at the end of July. But in the wake of his activities, several Gulf states are said to be reluctant to deal with South Africa, leaving just Africa as a "natural market" for the company"

 

14:40 Posted in Bizness | Permalink | Comments (1) | Email this

Comments

What a farce, Denel is a joke and getting worse as time goes on (see last few financial statements). They (the gvt) should end this comedy and shut it down.

Posted by: Stevo | 10/03/2005

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