The companies will engage directly to ensure misunderstanding between Denel and the NT about the Denel Asia joint venture is resolved amicably.
Denel has noted media reports with regards to the National Treasury (NT) views on the new venture company Denel has entered into as a vehicle to penetrate the Asia-Pacific markets.
Chapter 3 of the Constitution enjoins all spheres of government, including organs of state like the NT and Denel SOC, to co-operate with one another in mutual trust and good faith. That includes an expectation to always deal with matters of mutual interest internally and underpinned by principles of co-operative governance and inter-governmental relations.
Denel SOC will continue to engage with NT directly to ensure any misunderstanding between Denel and the NT about the Denel Asia joint venture is resolved amicably.