This announcement by the minister, made during the parliamentary debate on President Cyril Ramaphosa's state of the nation address, followed earlier reports that the company's employees would only receive 85 percent of their salaries this month. 

Gordhan did not name the lender. He singled out Denel as a prime example of the ravages of the rent-seeking scandal, known as state capture, that has gripped the government for several years. 

The Zondo commission of inquiry into the scandal has heard evidence from former CEO Riaz Salojee that the politically connected Gupta family tried to bribe him and to influence his decisions.

African News AgencyPublic Enterprises Minister Pravin Gordhan said yesterday that staff at struggling state arms company Denel will be paid their full salaries after a lender came forward to extend the necessary funds.

African News Agency