Cash-strapped arms manufacturer Denel will soon start taking legal action against former managers following several forensic investigations into alleged fraud and misappropriation of funds. 

Denel was one of the state-owned entities that was embroiled in allegations of state capture and slipped into such a severe financial crisis that in December 2017, it needed a government guarantee to enable it to pay its workers and suppliers...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.