We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

An intergovernmental team representing the departments of public enterprises, defence and the Treasury are working on a plan to provide financial support for bankrupt state-owned arms manufacturer Denel, the director-general of public enterprises Kgathatso Tlhakudi told MPs Wednesday.

“We are currently determining the form of support that Denel will receive for it to restructure itself and to ensure that it has the working capital to execute its orders,” he said. The government was also ensuring that Denel’s government-guaranteed loans were paid off...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now