Despite State-owned aerospace and military technology company Denel’s Turn Around Plan (TAP) having been approved in February 2019, the company said in a presentation to Parliament’s Standing Committee on Public Account (Scopa) on August 24 that it continues to experience severe liquidity constraints. This is because tasks identified in the TAP to generate the required funding, that is, the disposal of assets and engaging in equity partnerships, have been difficult to implement owing to non-alignment of stakeholders.
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