News South Africa's Denel says can't pay staff salaries in...


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South Africa’s Denel says can’t pay staff salaries in May

News South Africa's Denel says can't pay staff salaries in May

Denel company logo is seen at the entrance of their business divisions in Pretoria, South Africa, December 4, 2018. REUTERS-Siphiwe Sibeko-File Photo

South African state defence firm Denel said on Tuesday that it could not pay salaries for May and that June and July salaries were in serious jeopardy.

Denel, which makes military hardware for the South African armed forces and clients around the world, added in a statement to reporters that it was talking to the government to try to find a solution to its liquidity challenges.


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