Denel pulls out of Gupta-linked partnership
It cited reputational damage “both locally and internationally” caused by “negative attention from the media”
25 August 2017 - 14:32
State arms maker Denel has announced it is cancelling its partnership with the Guptas. Denels said it was exiting Denel Asia‚ its 51% partnership with Gupta-linked VR Laser Asia at its annual results briefing on Friday. It cited reputational damage “both locally and internationally” caused by “negative attention from the media”.
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