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Global Trade Alert

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South Africa: Government allocates ZAR 3 billion to Denel

Description

On 23 February 2022, the South African state-owned military and aerospace equipment manufacturer Denel was allocated ZAR 3 billion (USD 180 million) due to the company's inability to meet its obligati...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Feb 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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