Denel media statement on National Treasury pronouncements


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.