Denel needs a state bailout, says Nosiviwe Mapisa-Nqakula
The defence minister says Denel will not be able to meet its contractual obligations to Armscor without such a rescue package
23 September 2020 - 15:42
Defence minister Nosiviwe Mapisa-Nqakula says that if Denel is to continue in its present form and carry out its obligations to the SA National Defence Force (SANDF), it will need a government bailout.
Mapisa-Nqakula was responding to a parliamentary question by DA defence spokesperson Kobus Marais, which was published on Wednesday...
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