Tuesday 22 January 2019
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maverick - 3 month ago

OP-ED: Saudi Arabia, Qatar Denel: What we know

In recent weeks there has been much public debate regarding the news that Saudi Arabian Military Industries is in talks with the South African government to take up a stake in Denel SOC, the state-owned defence company. African Defence Review can exclusively report, though, that South Africa was the recipient of a similar overture from Qatar in 2017, in which the sheikhdom offered Denel SOC a $350-million five-year loan facility, to be converted to future equity in the company. This offer expired in April 2

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