We are embarrassed with Denel’s performance, says chair Monhla Hlahla
MPS are unimpressed as state-owned defence company continues on its downward spiral
24 February 2021 - 17:55
State-owned defence company Denel is continuing on its downward spiral as its annual report again showed dismal performance in the past financial year.
The report, presented to the public enterprises portfolio committee on Wednesday, indicated the company was insolvent after years of underperformance. MPs were not impressed by the financial position of Denel, which was taken to court last year by employees who were not paid their full salaries...
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