Denel to Oppose South African Treasury Court Action

  • State defense company accuses Treasury of ‘grandstanding’
  • Objections came after it emerged Guptas are involved: Denel

Denel SOC Ltd., the South African state-owned arms maker, said it will fight National Treasury’s efforts to block a deal to market its products in Asia with a company that has been tied to the Gupta family, who are friends with President Jacob Zuma.

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