“Denel is actively pursuing a winnable order pipeline of R30 billion in the next two years, which will greatly contribute to the financial turnaround and long-term sustainability of the company,” Denel said in a statement.
“This includes an imminent export contract – the largest in Denel’s history. This contract, which includes an advance payment of R1.5 billion, has the potential to grow Denel’s order stock by 32%,” it said. On Friday, Denel received $118 million cash injection from the government to stem a deepening liquidity crunch.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Botswana issues travel advisory, warns citizens travelling to South Africa | IOL Business ReportWidespread xenophobic violence and looting of shops have gripped Gauteng province in recent days, with at least five people killed during the mayhem.
Read more »