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Minister supports Denel turnaround plans

Minister supports Denel turnaround plans
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 faces funding gap for restructuring

PRETORIA, Sept 22 - South Africa's cash-strapped state defence firm Denel will need around R3 billion ($170 million) to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 to 18 months, company executives told R

Denel faces funding gap for restructuring

Denel expects to raise about R2 billion internally to fund the turnaround plan, which is projected to cost around R5 billion in total.

South Africa s Denel faces funding gap for restructuring

South Africa s cash-strapped state defence firm Denel will need around 3 billion rand to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 to 18 months,.

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