News Formal

South African arms company needs partners soon to survive, official says

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

South Africa's defence industry is facing a crisis as the state-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it, one of the country's top defence officials told Reuters.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Siener9 Disaster brought to you by the ANC.

VijayShadean It needs to be shut down, and its assets auctioned off. Including the Human and Intellectual Capital. Why should 'partners' carry the deadwood?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines