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
25 June 2019 - 18:12
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...
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