The weapons manufacturer Denel borrowed R290 million in 2012 from the Johannesburg City Council and after threats that the council planned to liquidate Denel, Pravin Gordhan requested that it not be done and said that the finance minister would provide a guarantee for the loan.
Thus, the bottomless pit that consumes money is getting bigger and deeper, observers say.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
