Trade union Uasa has assured its members who are employed by the State-owned defence industrial group Denel of its support for them, as the tale of the financially-beleaguered company took another turn for the worse. Private-sector South African defence company Saab Grintek Defence (majority-owned by Sweden’s Saab group), has applied to the Pretoria high court to liquidate Denel, because of its nonpayment of debts. “The liquidation bid from Saab Grintek Defence, although warranted in terms of ...
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