Denel execs suspended for corruption receive full salaries — but employees not paid
Denel executives suspended for alleged corruption continue to receive full salaries while the company owes employees over R600 million.
Appearing before Parliament’s standing committee on public accounts, Denel...
Meltdown at Denel
Denel is in a financial meltdown with debt of around R3.5 billion and cumulative losses of nearly R5 billion over the last few years.
The once-proud arms manufacturer, with great products like the Rooivalk attack helicopter and the G6 self-propelled howitzer, has been gutted.