Hlahla: 'New Denel CEO will help generate income, solve state capture issues'
Daniel du Toit's appointment was announced in a joint statement by the Public Enterprises Department and the Denel board on Thursday.
State arms manufacturer Denel says it hopes to have a plan in place by January that will outline the company’s future, including who it will do business with and what products it will produce.349 days ago
This comes amid reports that the ailing arms company has been mulling an investment offer from Saudi Arabia.350 days ago
It says it needs at least R1 billion to repay its creditors and get operations back on track.448 days ago
On Monday, Public Enterprises Minister Pravin Gordhan announced the new board members who have been tasked with cleaning up the firm.589 days ago