Denel’s battle for survival: company eyes tensions in Europe and elsewhere
Opposition MPs dismiss broke state-owned arms producer’s confidence in Ukraine war-related business as a ‘wish list’
31 August 2022 - 17:52
Denel, the broke state-owned arms manufacturer on the brink of collapse, suggests that instability in Europe and elsewhere due to the Ukraine war could drive its recovery as countries move to boost their defence capabilities.
Briefing a joint meeting of parliament’s public enterprises committee and the select committee on Denel’s poor financial position, company executives highlighted that the geopolitical instability in Europe and other parts of the world could give impetus to significant defence industry requirements...
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