“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.
Source: News Formal (newsformal.com)
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