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A Denel Rooivalk attack helicopter manifactured by South African Denel flies by during the Africa Aerospace and Defence 2016 fair at the South African air force Waterkloof base on September 15, 2016 IN Pretoria, South Africa. / AFP / GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP via Getty Images)
BAILOUT

Denel aims to be sustainable within five years, but needs a bigger cash injection

The parastatal has struggled with financial constraints for some time, partly blamed on wasteful expenditure and the inability to create revenue

  • Chris Gilili
3 min read