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Denel losing critical skills due to cash shortages, but Gordhan pins hope on new operating model

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Public Enterprises Minister Pravin Gordhan
Public Enterprises Minister Pravin Gordhan
PHOTO: Lulama Zenzile/Gallo Images

Public Enterprises Minister Pravin Gordhan says it is difficult, if not impossible, to retain skills at state arms manufacturer Denel in the face of mounting financial turmoil.

Denel has been in a storm of financial instability, with the entity struggling to pay salaries to its staff on time.

READ | Denel vows to defend itself from SAAB Grintek liquidation bid

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