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Global Trade Alert

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South Africa: Government makes an in-year budget allocation to Denel

Description

On 26 October 2022, the government of South Africa announced the allocation of ZAR 205 million (USD 10.25 million) to Denel, a state-owned military and aerospace equipment manufacturer. The announceme...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

26 Oct 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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