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Vr Laser

Denel’s R1.2bn loss from R6bn profit highlights dire state of state-owned companies
National
/ 2 February 2022

Denel’s R1.2bn loss from R6bn profit highlights dire state of state-owned companies

The second state capture report shows how the arms company went from a R35-billion order book to begging the treasury for cash to stay afloat

By Khaya Koko
Bank guarantees foil Denel’s R4.5-bn Egypt contract
Business
/ 22 August 2020

Bank guarantees foil Denel’s R4.5-bn Egypt contract

Loss of work is the last thing the beleaguered state enterprise needs

By Sabelo Skiti
Numsa heads to court to stop asset sale of Gupta-linked VR Laser
Article
/ 18 September 2018

Numsa heads to court to stop asset sale of Gupta-linked VR Laser

Numsa’s urgent application is against VR Laser Services, the two business rescue practitioners and other respondents

By Carin Smith
Denel bursary adds to Supra’s woes
Article
/ 20 April 2018

Denel bursary adds to Supra’s woes

Supra Mahumapelo came under fire in North West this week, as calls for his removal mounted over the Denel bursary

By Thanduxolo Jika
Gupta firms are viable but …
Article
/ 9 March 2018

Gupta firms are viable but …

The banks are fighting shy of the politically hot companies, putting business rescue in jeopardy

By Staff Reporter
Standard bank denies business rescue for Gupta companies
Article
/ 6 March 2018

Standard bank denies business rescue for Gupta companies

Bank employee acting ‘out of mandate’ faces disciplinary procedures

By Staff Reporter
Gupta firms sail close to the wind
Article
/ 29 September 2017

Gupta firms sail close to the wind

With no access to banking, the family is heading into a financial storm. But it has a few lifeboats yet

By Phillip De Wet

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