Denel’s battle for survival: company eyes tensions in Europe and elsewhere

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Opposition MPs dismiss broke state-owned arms producer’s confidence in Ukraine war-related business as a ‘wish list’ 🔒

Denel, the broke state-owned arms manufacturer on the brink of collapse, suggests that instability in Europe and elsewhere due to the Ukraine war could drive its recovery as countries move to boost their defence capabilities.

Briefing a joint meeting of parliament’s public enterprises committee and the select committee on Denel’s poor financial position, company executives highlighted that the geopolitical instability in Europe and other parts of the world could give impetus to significant defence industry requirements...

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:

 /  🏆 12. in ZA
 

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

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0

South Africa South Africa Latest News, South Africa South Africa Headlines