Denel, the state-owned arms maker that received a R2bn government bailout in 2019,  has told its staff that it cannot pay their April pensions, taxes and unemployment insurance fund (UIF) contributions due to cash-flow problems.

In a letter to staff, obtained by Business Day, Denel CEO Danie du Toit said the parastatal could run into a cash crunch in the next six months and paying salaries could become more difficult in future...

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