<div>UPDATE 2-South African defence firm Denel can't pay May salaries</div> <!-- no image --> <div>South African state defence firm Denel said on Tuesday it could not pay salaries for May and wages for June and July were at risk, highlighting the gravity of its financial position.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=FMqKXpyqzNY:l1bGHzDGYQc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=FMqKXpyqzNY:l1bGHzDGYQc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=FMqKXpyqzNY:l1bGHzDGYQc:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=FMqKXpyqzNY:l1bGHzDGYQc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=FMqKXpyqzNY:l1bGHzDGYQc:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/FMqKXpyqzNY" height="1" width="1" alt=""></div> Posted by Reuters