A corporate logo is seen outside the Rheinmetall Denel munitons plant near Cape Town, South Africa, November 6, 2018. Picture taken November 6, 2018. REUTERS/Mike Hutchings
JOHANNESBURG (Reuters) - Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential saviour is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal Khashoggi.
But after being mismanaged for years and tainted by a far-reaching influence-peddling scandal, state-owned Denel now needs the kind of help that the deep-pocketed Saudis can provide.
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