Solidarity to auction Denel assets to pay R90m debt owed to employees.

Trade union Solidarity will hold the first of several auctions of State-owned defence company Denel’s assets on July 15. Solidarity seized these assets earlier this year owing to Denel’s failure to pay about R90-million in debt to Solidarity members in terms of a court order. The seizure and auctioning of assets is now the only option after Denel violated several agreements between the parties, the union says. <a href="https://kaya959.co.za">Kaya 959</a>