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Vol 61 No 19

Published 24th September 2020


South Africa

For sale: one used war machine

Local and international buyers are circling the debt-crippled and state-owned Denel as it is forced to sell its assets to stay afloat

Denel, the remnant of the arms manufacturing and trading colossus Armscor that once propped up apartheid, is probably the least-known of South Africa's beleaguered state-owned enterprises.

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