a) The total funding requirement is R5.2billion, Denel will be raising R1.8billion from disposal of non-core assets with over R900million already received in August 2022. Below is a breakdown of items the funds will be used for:
b) The Department has applied and supported Denel’s funding request through the 2022 MTBPS and 2023 MTEF process. With regards to proceeds from non-core disposals, the Department is in constant communication with Denel on the progress made in order to fast-track the necessary PFMA approvals by the Minister.