SOUTH African state-owned defence company Denel made a 1.96 billion rand ($130 million) loss in the year to the end of March 2020, it said on Monday, releasing delayed financial results. The Johannesburg bourse had threatened to suspend the listing of Denel’s bonds if the arms manufacturer did not publish its results by the end of January. Interim CEO Talib Sadik The latest loss compares to a revised loss of 1.47 billion rand in the 2018/19 financial year, underlining its continued fragility. Interim CEO Talib Sadik attributed the larger loss in 2019/20 to “a delay in sales, an inefficient cost…