The sale of Denel's critical intellectual property for the RG-35 – a flagship armoured vehicle obtained as part of the acquisition of BAE Systems Land Systems South Africa in 2015 – was seemingly never discussed with the board at the time.
The sale of the IP to UAE government-linked NIMR – which was poised to become Denel's acquisition partner in the LLSA transaction – was seemingly kept under wraps with questions surrounding who authorised the deal. Together with the financial fiasco of the LSSA acquisition, the sale would apparently spell the end of Denel.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.
azarrahk One by one all state assets will be sold to the connected
JuneEightySeven azarrahk Arrest all involved case closed
azarrahk ANC is wrestling the country to the ground..... Mbeki sold Iscor, Motlanthe part of Telkom, Mandela blacks, this pig we have now everything
azarrahk Yep
azarrahk This is how the anc sold SouthAfrica down the river for a bowl of sushi. Piece by piece.