Denel salaries at risk again in July
Denel is still in constant talks with banks, says group CEO Danie du Toit
22 July 2019 - 19:25
Cash-strapped state arms manufacturer Denel has told employees that it remains at risk of not being able to pay salaries for July.
In June, the company said it could only pay 85% of salaries for June due to cash-flow problems. Soon after the public enterprise minister Pravin Gordhan announced that a lender had come to the arms manufacturer's assistance and full salaries were paid...
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