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State Arms Manufacturer Denel Facing Severe Liquidity Constraints

SOUTH AFRICA
  • Treasury warns state-owned arms manufacturer Denel facing liquidity concerns could run out of cash by the end of March due to delays in the implementation of its turnaround plan
  • Treasury director says Denel needs R500m by End-March
  • Govt has already provided Denel with R5.93bn in guarantees and R1.8bn for its turnaround plan in 2019/20
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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