South Africa’s Denel faces funding gap for restructuring
PRETORIA (Reuters) – South Africa’s cash-strapped state defence firm Denel will need around 3 billion rand ($170 million) to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 to 18 months, company executives told Reuters on Thursday. Once a cornerstone of South Africa’s defence industry, Denel, which …
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