JOHANNESBURG, Oct 9 (Reuters) - South African state defence company Denel has asked for 3.8 billion rand ($230.9 million) of state financial support over the next three fiscal years, the National Treasury told Reuters on Friday.
“Denel has requested a 3.8 billion rand bid over the 2021/22 to 2023/24 MTEF (Medium Term Expenditure Framework) period,” the National Treasury said in an emailed response to questions.
A Denel spokeswoman was not able to immediately comment.
$1 = 16.4548 rand Reporting by Alexander Winning Editing by Tanisha Heiberg
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