Denel is overloaded with debt and is not generating enough gross profit to secure its survival, the National Treasury says in its Estimates of National Expenditure for the Department of Public Enterprises.
135485
Denel ``overloaded with debt'':
46172
Manufacturers struggling to pay the bills
106096
Recession hits government coffers
101001
Indian budget is disappointing for investors
2417
Shortfall between revenue and total expenditure narrows
151198
Inflation drops despite increase in government expenditure
24303
Inappropriate spending cuts could ``strangle'' growth prospects:
137515
The economy is a disaster
15168
Treasurys turn lower
131559
``Next fiscal could be more difficult''
88509
Economic downturn making animals harder to afford
19515
Growth in German spending slows
83531
The budget is near
160617
Country's economy remains vulnerable
3322
NAMA will not recoup €4.8bn for taxpayer
3607
Hungarian forint extends losses versus euro
34010
Metals fall as chances for a budget deal fade