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 Address to refer: https://www.researchchannel.co.za/article/denel-reports-r17bn-operating-loss-for-201718-turnaround-progressing-2018-10-31
 Article Headline: Denel reports R1.7bn operating loss for 2017/18, turnaround progressing
 Abstract: State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract execution that resulted in severe liquidity challenges. The operating loss has been further compounded by R500-million in irregular expenditure and a disclaimer audit opinion by the Auditor-General which is of “grave concern” to Denel.
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