South African state-owned arms manufacturer Denel did not pay senior staff their salaries in full this month, the company said, in a setback for President Cyril Ramaphosa’s drive to turnaround struggling state companies.
Ramaphosa has made improving governance and stabilising the finances of state firms a priority since replacing Jacob Zuma as head of state in February. South Africa’s economy fell into recession this month.
Posts
Hello, my name is Damian high Sparrow. I'm a 21 year old self-employed and student from Anambra state, Nigeria.
No comments:
Post a Comment