South Africa’s Denel Asks For $200M State Cash Injection -CEO

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South African state defence company has asked the government for a 2.8 billion rand ($200 million) cash injection to help it emerge from a financial crisis and secure lucrative export deals, its chief executive said. Denel, a cornerstone of the country’s once-mighty defence industry, is one of several state firms whose finances were damaged by […]

Source: News Formal (newsformal.com)

 

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