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Denel says R1.8bn Treasury injection helps greatly towards its turnaround

State-owned arms maker Denel on Friday said the government’s decision to recapitalise the entity with R1.8-billion will contribute to its turnaround and help to create a sustainable asset for South Africa.

CE Danie du Toit noted that the recapitalisation followed tangible progress of detailed plans to restructure the business, enter into strategic partnerships and find new markets for its high-technology products and solutions.

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