Denel s acting CEO Mike Kgobe said they had managed to stabilise the work force by tapping into medical benefit trust funds that unlocked cash to pay salaries.
For the first time since 2016/17, arms manufacturer Denel has posted a profit before interest and tax of R390 million in the financial year ending March 31 2023.
Denel directors face subpoenas if SCOPA no-show is repeated defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.
Denel is one of the few SOEs under Public Enterprises that requested to submit its annual reports to Parliament after the stipulated deadline last year.
Furious Scopa threatens to subpoena Denel board for skipping engagement iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.