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denel seeks to revise bailout conditions

  • Denel seeks to revise bailout conditions to survive

    Denel may not survive the next few months unless the government lets it use some promised bailout funds to generate revenues rather than to repay...

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    Denel may not survive the next few months unless the government lets it use some promised bailout funds to generate revenues rather than to repay debt, the chief executive said. Denel, one of several struggling state owned enterprises, launched a recovery plan in 2018 but the COVID-19 pandemic dealt a blow to the company, which...
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