Denel reveals it will only pay staff 85% of salaries in June

摘要

South African defence manufacturer Denel has revealed it will only be paying staff 85% of their salaries for the month of June, while claiming that it is "working tirelessly" to ensure that delayed payments are released as quickly as possible. This measure has been taken in response to a series of financial challenges the state-owned company has faced in recent months. Denel added that employees who bank with First National Bank were to receive the 85% salary allocation on 25 June and remaining employees on 26 June.