1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Solidarity alleges mismanagement of funds at Denel

By:  
Creamer Media Social Media Editor & Senior Writer
 
DEFENCE
Trade union Solidarity on Thursday alleged in a report titled ‘Denel Dossier’ that State-owned aerospace and defence group Denel’s top management received increases of up to 60% in their salaries, as well as 100% performance bonuses last year, while there were insufficient funds to pay employees their full salaries in December. Solidarity further expressed concern that about 700 job opportunities may be jeopardised as a result of the financial problems at the beleaguered State-owned entity.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register