JOHANNESBURG – Cash-strapped Denel says it can pay 45% towards November salaries after it received payments on submitted invoices.

The state-owned entity says it will communicate the payments once funds have been released.

Salaries are estimated to be at around R590m.

Denel received a lifeline in the mini-budget last month when Finance Minister Enoch Godongwana announced it would be getting R2.9bn.

The High Court in Pretoria ordered the arms manufacturer to pay staff unpaid salaries.

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