Central SA
Denel fails to pay employees in full─── 11:32 Tue, 25 Jun 2019
State-owned arms manufacturer, Denel, can only afford to pay its employees 85 percent of their salaries this month.
In a statement sent out to employees, the group's CEO, Daniel du Toit, says this is due to the company's ongoing liquidity challenges.
Management says it’s working tirelessly to ensure the delayed portion of salaries will be reimbursed as soon as possible.
They also apologised for the late communication.
The company says it had no alternative but to go this route.
