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Denel contradicts Gigaba’s reported stance on VR Laser Asia

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DEFENCE
Denel on Wednesday contradicted reports that Finance Minister Malusi Gigaba had ordered the State-owned arms manufacturer to dissolve its controversial joint venture with VR Laser Asia, a company linked to the Gupta business empire, and withdraw its litigation against National Treasury for refusing to approve the deal. Denel’s chairperson Daniel Mantshe told Parliament’s portfolio committee on public enterprises that executives had met with Gigaba and that the long-standing row with National Treasury over the venture would be resolved favourably.
 
 
 
 
 

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