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South Africa: Government Admits Denel Cannot Continue to Exist Without Bailouts

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Press Release - In response to a Democratic Alliance (DA) parliamentary question, Defence and Military Veterans Minister, Nosiviwe Mapisa-Nqakula, said Denel cannot continue to exist in its current form: "[it] is clear, without a significant bailout by government, Denel will not be able to exist in its current form and will not be in a position to meet its contractual obligations to Armscor."

Source: allAfrica.com

American Civil War Facts

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Literature Facts

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Charlotte girl's speech on race gets standing ovation

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