South Africa: tough at the top Much of the country’s private defence sector has enjoyed strong growth since 1994, but the state-owned flagship, Denel, is in serious trouble Since sanctions were lifted with the 1994...
![Distress and deep uncertainty](https://digitalmallblobstorage.blob.core.windows.net/wp-content/2020/03/AIF52_Katzenellenbogen_Defence.jpg)
South Africa: tough at the top Much of the country’s private defence sector has enjoyed strong growth since 1994, but the state-owned flagship, Denel, is in serious trouble Since sanctions were lifted with the 1994...