The current board at the embattled state armaments company Denel is 'having to deal with the repercussions of the era that has just passed'.
The current board at the embattled state armaments company Denel is"having to deal with the repercussions of the era that has just passed".
"From 1999, Denel was showing some recovery. Prior to 1994, the turnover was very strong, informed by our country spending a lot of money on arms to protect the regime. In the new dispensation, there was no need to spend that kind of money on arms," he told the commission.
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