Numsa demands bailout for Denel

World News: . []

South Africa's government must urgently inject at least R7-billion into struggling State-owned defence group Denel, the National Union of Metalworkers of South Africa (Numsa) said on Friday. Denel reported a R1.7-billion for the 2017/18 financial year and is struggling to pay worker salaries and deliver on roughly R18-billion of outstanding orders.

Read More: http://www.engineeringnews.co.za/article/numsa-demands-bailout-for-denel-2018-11-09

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