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Denel tells Gordhan: We are not arrogant and belligerent

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Cape Town – Denel’s board said Finance Minister Pravin Gordhan’s accusation that the board and executives are “arrogant and belligerent … are unsubstantiated, baseless and unfounded”.

Gordhan made the accusation during his Treasury budget debate in Parliament on Wednesday.

This follows a statement in April, in which Gordhan said the registration of Denel Asia was illegal and contrary to the Public Finance Management Act (PFMA).

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