R10-Billion Bailout! The Failed State of SA's State Owned Enterprises

South Africa’s government is drowning in maladministration and corruption — and Denel is one of the clearest examples of just how bad things have become.

For five consecutive years, Denel has failed to submit legally compliant financial reports, despite receiving over R10 billion in bailouts and R4.4 billion in government guarantees. This state-owned arms manufacturer, once a global leader in military innovation, has become a black hole for taxpayer money — and now even Parliament is being kept in the dark.

Most South African government departments fail to get clean audits.
State-owned enterprises are collapsing without competition.
Denel’s refusal to submit audited financials raises serious national security concerns.
Where is the money going? Who is being armed? And why won’t the ANC demand answers?

In today’s video, we break down:
The collapse of governance and clean auditing in South Africa
How Denel went from global leader to financial disaster
Why this lack of transparency is a ticking national security time bomb
Reactions from Parliament and opposition parties demanding accountability

#southafrica #Denel #corruption #Maladministration #statecapture #anc #nationalsecurity #southafricanpolitics #GovernmentBailouts #defenseindustry #politicalaccountability #breakingnews

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