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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...
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...
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...
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...
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 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, 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...
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...
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...
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)...
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...
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...
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 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...
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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 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...
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...
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...
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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