Spring has sprung

So it's spring, 2025 - time is just flying past.

Work is a shithole right now. For the past 9 months we have not got enough work to cover our costs. As of last week, end August, we have no work, as in ZERO! And all because the clown who bought out our company, and biggest client, decided to build a corporate (this out of a small to medium electrical parts supplier, and a small engineering company)!

So he has blown all the capital on shit - Safety and Health Manager, Quality Assurance Manager, replaced a very capable and successful WHITE sales manager with an incompetent non-white one. Hired a couple of HR Consultants at R50k a month (for 2 days a week work), and that have done nothing other than cause trouble - doing their best to work out the white staff!

And what does he have - about 3 times the overheads hs should have, with no money to buy materials, so we don't get orders because their delivery times exceed 7 weeks by now, and the client are going to the competition.

The sad part is that his company, before he bought it, di R8 m a month, at 35% GP! We did between 500 and 750 ka month, at around 20 - 25 % GP.

Now that's all gone. He got financing from the DTI for the initial purchase, and is now getting further financing from them - to no avail though. And he knows, if it all goes belly up, he walks away. The DTI will write off the debt!

Stupid frigging darkie with asperations of being the CEO of his own Corporate!

More to follow on this subject!