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South Africa: Denel Cleans Up State Capture Financial and Governance Mess, Mkhwebane Dodges Inquiry

[Daily Maverick] Denel has posted a R1.75-billion net loss for the 2017/18 financial year, incurred some R500-million irregular expenditure and, at a 10% brokerage fee, is paying four times the European rate for technical assistants - effectively arms dealers....

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Published By: Allafrica - 7 days ago