Denel employees will get paid: Gordhan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

announced in parliament that a lender has come to the assistance of the company and full salaries will be paid.

On Monday the organisation indicated that the arms manufacturer notified its employees that they would receive 85 percent of their salaries.

Minister Gordhan made the announcement during the debate on the State of the Nation Address. Gordhan says a Good Samaritan came to the rescue of Denel. “The latest update is that a lender has come to the assistance of Denel and full salaries will be paid to all the staff at Denel there is no clearer example of the damaging effects of state capture than the financial strain and uncertainty that the 3500 Denel employees and the families will fell each month as a consequence of what we actually see.”

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

State-owned Denel unable to pay full salaries to staff | IOL Business ReportThe embattled state-owned entity Denel is unable to pay full salaries to their staff this month. busrep Management could take one for the team.
Source: IOL - 🏆 46. / 51 Read more »