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How Denel stand-off with Treasury started amid NeneGate

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Johannesburg – Treasury has provided a detailed timeline of its correspondence with state-arms company Denel regarding its Asia venture with Gupta-linked VR Lazer, which shows the development of their stand-off amid NeneGate, when Nhlanhla Nene was replaced by Des van Rooyen as finance minister for a few days.

This is in response to a Parliamentary question posed by Democratic Alliance (DA) Member of Parliament Natasha Mazzone in May. Mazzone enquired about how Treasury viewed Denel’s court bid to have the institution approve the Denel Asia and VR Laser Asia joint venture.

She also asked that Treasury provide details of the correspondence between Treasury and Denel regarding the matter.

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