for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

S.Africa's Denel seeks $231 million state support over next 3 years - Treasury

JOHANNESBURG, Oct 9 (Reuters) - South African state defence company Denel has asked for 3.8 billion rand ($230.9 million) of state financial support over the next three fiscal years, the National Treasury told Reuters on Friday.

“Denel has requested a 3.8 billion rand bid over the 2021/22 to 2023/24 MTEF (Medium Term Expenditure Framework) period,” the National Treasury said in an emailed response to questions.

A Denel spokeswoman was not able to immediately comment.

$1 = 16.4548 rand Reporting by Alexander Winning Editing by Tanisha Heiberg

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up