May 19, 2020 / 2:47 PM / 17 days ago

South Africa's Denel says can't pay staff salaries in May

JOHANNESBURG, May 19 (Reuters) - South African state defence firm Denel said on Tuesday that it could not pay salaries for May and that June and July salaries were in serious jeopardy.

Denel, which makes military hardware for the South African armed forces and clients around the world, added in a statement to reporters that it was talking to the government to try to find a solution to its liquidity challenges.

Reporting by Alexander Winning Editing by Nqobile Dludla

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below