This response is according to the information received from Denel:
(a) The lender is a South African commercial bank, however, due to confidentiality rules Denel is unable to disclose the name of the lender.
(b) The loan was provided by a South African commercial bank.
(c) The loan was made on 26 June 2019.
(d) (i) R12 million
(ii) The interest rate is confidential and cannot be disclosed.
(e) The loan was in line with all the applicable laws and regulations.
(f) The Acting Group Chief Financial Officer approved the loan.