Denel’s recent claim that it has a good chance of winning a $2bn contract — the largest in its history — should be treated as wishful thinking, hot air in its vain attempt to avoid liquidation.
You report that Denel “said it foresaw about R30bn in deals over the next two years” and that its presentation in parliament referred to the Egyptian navy and ThyssenKrupp Marine Systems (“Denel to exit some businesses within months (https://www.businesslive.co.za/bd/national/2019-09-06-denel-to-exit-some-businesses-within-months/)”, September 6.)..
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