Full Denel salaries will now be paid, Gordhan says
Pravin Gordhan says a lender has come to the rescue, but declines to name the bank
Public enterprises minister Pravin Gordhan announced on Tuesday that Denel’s 3,500 employees will receive their full salaries for June.
Earlier on Tuesday it emerged that Denel could only pay 85% of salaries for June due to cash-flow problems. Denel group CEO Daniel du Toit had said in a statement that management was working “tirelessly” to pay the rest of the salaries...