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Union demands Denel take action against those responsible for irregularities
28th June 2019 By: Rebecca Campbell

Trade union Solidarity announced on Friday that it had served a demand on Denel to institute legal proceedings against people who caused, or who contributed to, the financial straits the... 


Two Denel products: the A-Darter air-to-air missile and, behind, the Seeker unmanned aerial vehicle
Denel rescued by local commercial bank, reports Minister’s spokesperson
27th June 2019 By: Rebecca Campbell

The spokesperson for Public Enterprises Minister Pravin Gordhan, Adrian Lackay, has clarified to “Engineering News Online” that the lender who came to the assistance of beleaguered State-owned... 


Union threatens strikes as municipalities, SOEs and provinces battle to pay bills
Union threatens strikes as municipalities, SOEs and provinces battle to pay bills
26th June 2019 By: News24Wire

Municipal staff and officials at State-owned entities are suffering as a seemingly countrywide delay in paying salaries has hit home. On Wednesday, the South African Municipal Workers' Union... 


Public Enterprises Minister Pravin Gordhan
Gordhan says SOEs in dire straits, threatens boards and CEOs with intervention
26th June 2019 By: News24Wire

South Africa’s State-owned companies are in a parlous state and if the boards and management of these organisations do not do what government expects of them, it won’t hesitate to intervene to... 


Some of the Denel Group’s products on display – in the foreground, an Umkhonto naval surface-to-air missile, with a Badger infantry fighting vehicle behind, and just visible in the left background, a Seeker unmanned aerial vehicle
Denel confirms salary cut; union expresses shock and concern
25th June 2019 By: Rebecca Campbell

State-owned defence industrial group Denel confirmed on Tuesday that it will pay its staff only 85% of their salaries for this month. “Due to ongoing liquidity challenges we are now faced with... 


Solidarity offers input on how Denel can resolve its financial problems
20th June 2019 By: Tasneem Bulbulia

Solidarity has submitted a memorandum with containing possible solutions it believes will help defence group Denel overcome the challenges it faces. The memorandum was addressed to Denel CE Dr... 


Mechem making strides in helping Turkey eliminate landmines
6th June 2019 By: Tasneem Bulbulia

Mechem, part of the Denel Group, says it has recorded notable results in Turkey with the clearance of landmines in a “dangerous” border area. Since the start of demining operations on the eastern... 


Denel announces last phase of offset programme for Malaysia
24th May 2019 By: Rebecca Campbell

South Africa’s State-owned defence industrial group Denel has announced that it has launched its tenth and last offset project for Malaysia, being provided in return for the South East Asian... 


A Denel LCT-30 turret, armed with a GI-30 30 mm cannon, mounted on a South African Badger infantry fighting vehicle
Denel announces latest phase of its offset programme to Malaysia
10th May 2019 By: Rebecca Campbell

South Africa’s State-owned defence industrial group Denel announced on Friday that its tenth and last offset project for Malaysia, being provided in return for the Asian country’s order for... 


Let’s do justice to this vote – IFP spokesperson
Let’s do justice to this vote – IFP spokesperson
26th April 2019 By: Sashnee Moodley

The democracy that South Africa enjoys today was not easily won, so let’s do justice to this vote and recognise its democratic significance. That was the appeal from Inkatha Freedom Party (IFP)... 


‘TANKS’ A LOT
Denel defends South Africa on land, in the air and now in cyberspace
New revolution prompts need for tight security
19th April 2019

With the Fourth Industrial Revolution, the rapid growth of the Internet and the speed at which the cyber environment is developing, State-owned aerospace and military technology conglomerate Denel... 


Denel to stop manufacturing parts for Airbus A400M aircraft
12th April 2019 By: Rebecca Campbell

South African State-owned defence industrial group Denel announced at the end of last month that it had reached a mutual understanding with Europe-based major aerospace and defence group Airbus to... 


An A400M takes off from an unpaved airstrip
Denel to end manufacture of parts for Airbus A400M aircraft
1st April 2019 By: Rebecca Campbell

South African State-owned defence industrial group Denel announced over the weekend that it had reached a mutual understanding with Europe-based major aerospace and defence group Airbus to cease... 


Finance Minister Tito Mboweni
Mboweni questions need to hold onto State assets
25th March 2019 By: Bloomberg

Finance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Mboweni has... 


Denel seeking contingency funding as it outlines turnaround strategy
22nd March 2019 By: Rebecca Campbell

State-owned South African defence industrial group Denel is preparing an application for funding from the R13-billion contingency reserve announced by Finance Minister Tito Mboweni in his 2019/2020... 


One of Denel’s signature products, the 6x6 G6 155 mm self-propelled gun, on display at the group’s head office
Denel aiming to access contingency fund, confident about future despite ratings cut
6th March 2019 By: Rebecca Campbell

State-owned South African defence industrial group Denel is preparing an application for funding from the R13-billion contingency reserve announced by Finance Minister Tito Mboweni in his 2019/20... 


Finance Minister Tito Mboweni
There is no 'endless supply of cash' Mboweni tells Parliament
21st February 2019 By: News24Wire

Finance Minister Tito Mboweni told MPs on Thursday there is "no endless supply of cash" in government, and the state has no printing press to magic new funds.  Following on from his maiden Budget... 


Govt revises contingency reserve to support cash-strapped SoEs
Govt revises contingency reserve to support cash-strapped SoEs
20th February 2019 By: Simone Liedtke

With State-owned entities (SOEs) posing very serious risks to the fiscal framework, Finance Minister Tito Mboweni on Wednesday said that National Treasury was “taking very serious steps to fix the... 


Defence group Denel to seek investment partners – CEO
19th February 2019 By: Reuters

State-owned defence group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. The company has also... 


Denel explores new growth opportunities in the Middle East, North Africa
18th February 2019 By: African News Agency

State arms company Denel said on Monday it was attending a major global defence exhibition in Abu Dhabi this week to explore new growth opportunities for business in the Middle East and North... 


Denel urges govt to use, support its new cybersecurity unit
8th February 2019 By: Rebecca Campbell

State-owned defence industrial group Denel has urged the Government to support the development of and make use of the capabilities of the group’s recently established division, Denel Sovereign... 


Denel launches cybersecurity division; urges government to use it
30th January 2019 By: Rebecca Campbell

State-owned defence industrial group Denel has urged the government to support the development of and make use of the capabilities of the group’s recently established division, Denel Sovereign... 


BMF demands a black CEO for Absa
BMF demands a black CEO for Absa
29th January 2019 By: African News Agency

The Black Management Forum (BMF) on Tuesday demanded that Absa Bank replace the outgoing chief executive Maria Ramos with a black executive. This comes after Absa announced that Ramos will retire... 


Indian Prime Minister Narendra Modi, Indian president Ram Nath Kovind, President Cyril Ramaphosa
Ramaphosa gets a global Madiba moment, while SA ponders Denel's next step
28th January 2019 By: News24Wire

President Cyril Ramaphosa has finished off his first official state visit to India on a good note, celebrating and inviting "real, ethically driven" Indian businesses to invest more in South... 


Ramaphosa's first state visit to India: Denel deal in sight after lifting blacklist over corruption claims
25th January 2019 By: News24Wire

South African President Cyril Ramaphosa will be hosted by India's Prime Minister Narendra Modi on his first official state visit to the country on Friday. According to a media statement from the... 


South Africa says there is no Saudi proposal on Denel under consideration
South Africa says there is no Saudi proposal on Denel under consideration
22nd January 2019 By: Reuters

The South African government is not considering any proposal from Saudi Arabia on taking a stake in struggling state arms company Denel, Public Enterprises Minister Pravin Gordhan said, after the... 


Denel Asia closing down, says Public Enterprises portfolio committee
Denel Asia closing down, says Public Enterprises portfolio committee
6th December 2018 By: Marleny Arnoldi

State-owned arms maker Denel is in the process of closing down the controversial Denel Asia joint venture, the company informed the Portfolio Committee on Public Enterprises on Wednesday. The... 


Denel confirms it cancelled pilot bursary for Mahumapelo Jr
5th December 2018 By: African News Agency

Denel confirmed to MPs on Wednesday it had terminated a R1.1-million bursary agreement with Supra Mahumapelo Jr, the son of the former North West premier. Briefing Parliament's portfolio committee... 


Denel needs partners soon to survive – Wakeford
29th November 2018 By: Reuters

South Africa's defence industry is facing a crisis as the State-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it, one of the... 


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First Cut supplies processing solutions, which comprise its latest-generation fribelaser solutions that cut sheet steel
Stimulus plan, more efficient processing to promote steel construction growth
23rd November 2018 By: Simone Liedtke

With the new stimulus plan announced under President Cyril Ramaphosa’s leadership, South Africa’s economy is poised for an upturn, which will inevitably promote growth in the steel construction... 


Solid relations between India and South Africa good for bilateral trade and investment
23rd November 2018 By: Rebecca Campbell

South Africa and Indian already have a solid framework for strong relations, not least in the areas of trade and investment, Indian High Commissioner to South Africa (Ms) Ruchira Kamboj tells... 


Audit outcomes of State-owned entities continue to regress
22nd November 2018 By: Kim Cloete

The audit outcomes of State-owned entities (SOEs) have regressed over the past financial year compared with both the previous year and 2014/15. The 2017/18 general report for the Auditor-General... 


Khashoggi killing complicates Saudi rescue bid for Denel
20th November 2018 By: 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... 


Building bridges to future
Building bridges to future
16th November 2018 By: Terence Creamer

By circumstance rather than design, the end states of several of South Africa’s largest – and most troubled – State-owned companies (SoCs) are becoming increasingly discernible. National carrier... 


Strong relationship bodes well for boosting India/South Africa trade and investment
13th November 2018 By: Rebecca Campbell

South Africa and India already have a solid framework for strong relations, not least in the areas of trade and investment, Indian High Commissioner to South Africa (Ms) Ruchira Kamboj tells... 


Numsa demands bailout for Denel
Numsa demands bailout for Denel
9th November 2018 By: Reuters

South Africa's government must urgently inject at least R7-billion into struggling State-owned defence group Denel, the National Union of Metalworkers of South Africa (Numsa) said on Friday. Denel... 


Saudi Arabia makes $1bn bid for partnership with South African defence group Denel
Saudi Arabia makes $1bn bid for partnership with South African defence group Denel
8th November 2018 By: Reuters

Saudi Arabia has made a $1-billion bid for a broad partnership with South African State-owned defence group Denel that would include the acquisition of a minority stake in a joint venture with... 


Zuma to Gordhan: 'Can we do what Dudu wants?'
8th November 2018 By: News24Wire

Former president Jacob Zuma called Pravin Gordhan, then finance minister, in 2015 to try and convince him to agree to an enormously expensive deal with airplane manufacturer Airbus because his... 


Johannesburg mayor Mashaba denounces Gordhan explanation on Denel loan
23rd October 2018 By: African News Agency

Johannesburg mayor Herman Mashaba has accused Public Enterprises Minister Pravin Gordhan of being "economical with the truth" in explaining how state owned arms firm Denel received a R290-million... 


Denel fails to pay senior staff in reform setback
1st October 2018 By: Reuters

South African State-owned arms manufacturer Denel did not pay senior staff their salaries in full this month, the company said, in a setback for President Cyril Ramaphosa's drive to turnaround... 


Cape institution uses space to train students and benefit country at same time
20th April 2018 By: Rebecca Campbell

Engineers and researchers at the French South African Institute of Technology at the Cape Peninsula University of Technology (CPUT) are in an advanced stage of developing the institution’s second... 


New Denel board faces tough turnaround task as financial pressure mounts
20th April 2018 By: Rebecca Campbell

Public Enterprises Minister Pravin Gordhan recently announced the completely new, high-powered, Board to turn-around beleaguered State-owned defence industrial group Denel. Technically, it is... 


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Magazine round up | 13 December 2024
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