Denel fails to pay senior staff

Denel didn’t pay senior staff their salaries in full this month. The company has been grappling with a liquidity crunch after being embroiled in corruption scandals during Jacob Zuma’s tenure.

Executives were paid 80% of their salaries while specialists were paid 85%, Denel spokesperson Vuyelwa Qinga said.

Qinga said regular employees were paid in full and the company was working with government to find a solution to its challenges.– Reuters