EXCLUSIVE: Denel CEO Talib Sadik moves fast on turnaround
Due to legislative constraints the Treasury cannot bail out arms maker before January 2021
28 August 2020 - 05:10
State-owned weapons manufacturer Denel, which has not paid full salaries since May, has been reorganised swiftly by interim CEO Talib Sadik to enable more than half of its divisions to pay its employees for August.
Sadik, a former CEO of Denel who was a nonexecutive member of the board, was appointed on August 1 after the departure of Danie du Toit, who spent only two years in the position...
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