Media Statement

02 November 2018

DIRCO clarifies Denel - Saudi Investments media report

The Ministry of International Relations and Cooperation has noted with concern an article in the Mail and Guardian “Saudi stake in Denel is off, says minister”, dated 02 November 2018, suggesting that the proposed investment by Saudi Arabia on Denel has not proceeded due to a “personal matter”. The Ministry is concerned that some media houses have interpreted the “personal matter” to mean the “Jamal Khashoggi matter”.

The Ministry would like to put on record that the journalist was informed that matters of trade and investment are being dealt with by the relevant Departments, namely Trade and Industry, Defence and Public Enterprises and a number of factors are taken into consideration before a decision is taken.

The Ministry would also like to state that the Minister of International Relations and Cooperation, Ms Lindiwe Sisulu, did not indicate that the deal is not going forward but that discussions are presently not proceeding due to the fact that Saudi Arabia is busy with internal consultations.

South Africa has embarked on a programme to attract investments in different sectors and from different countries. South Africa and Saudi Arabia have strong bilateral relations, including trade.

Enquiries: Mr Ndivhuwo Mabaya, MabayaN@dirco.gov.za / 083 645 7838

ISSUED BY THE DEPARTMENT OF INTERNATIONAL RELATIONS AND COOPERATION

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