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Defence|Denel
Defence|Denel
defence|denel

Denel says can't pay staff salaries in May

19th May 2020

By: Reuters

  

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Defence firm Denel said on Tuesday that it could not pay salaries for May and that June and July salaries were in serious jeopardy.

Denel, which makes military hardware for the South African armed forces and clients around the world, added in a statement to reporters that it was talking to the government to try to find a solution to its liquidity challenges.

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Edited by Reuters

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