Solidarity alleges mismanagement of funds at Denel

Trade union Solidarity on Thursday alleged in a report titled ‘Denel Dossier’ that State-owned aerospace and defence group Denel’s top management received increases of up to 60% in their salaries, as well as 100% performance bonuses last year, while there were insufficient funds to pay employees their full salaries in December. Solidarity further expressed concern that about 700 job opportunities may be jeopardised as a result of the financial problems at the beleaguered State-owned entity.