Denel
Ex-Denel CEO denies he instructed executives to work with Gupta associate Essa
Riaz Saloojee on Thursday said he did not question the approval of the VR Laser contract even though the Guptas were already controversial.
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WATCH LIVE: Zondo inquiry to hear evidence relating to Denel
Last month, the state capture commission heard evidence from former procurement executive Celia Malahlela how the state-owned arms manufacturer was looted.
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WATCH LIVE: Zondo Commission hears evidence related to Denel
The Zondo Commission is hearing Denel related testimony from former chief financial officer of Denel Land Systems, Pieter Knoetze as well as Sipho Mkwanazi and Mr Fikile Mhlontlo.
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Ex-Denel exec Mlambo 'didn’t understand' how Gupta company was awarded contract
Mlambo has testified at the state capture commission about the company that other officials raised alarm about when it was awarded a 10-year contract beyond the maximum three years that Denel had set as policy.
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Former Denel exec says her advice on deal with Gupta-owned VR Laser was ignored
Celia Malahlela read an email at the state capture commission on Tuesday, which she wrote to Denel Land Systems CEO Stephan Burger, who she said ignored her advice to follow proper procedures to award a 10-year contract to Gupta-owned VR Laser.
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SOEs in dire situation, Public Enterprises Dept tells MPs
The department has briefed Parliament on the performance of SOEs like Transnet, Denel, South African Airways (SAA) and Eskom.
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Parliament wants struggling SOEs to explain continuous pleas for bailouts
National Treasury told MPs that the SABC had asked for R4.9 billion in financial support, the Post Office (Sapo) needed R1.5 billion, and the Airports Company of South Africa (Acsa) wanted a three-year loan guarantee of R3.5 billion.
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Treasury says SABC, Sapo asked for financial support
It also revealed the Post Office had asked for R4.9 billion to help it through the COVID-19 pandemic.
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Treasury warns Denel faces risk of bankruptcy protection
Denel has struggled to pay salaries this year amid a liquidity crisis aggravated by the coronavirus crisis.
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Denel not planning to seek further bailouts
Denel, which makes military equipment for South Africa’s armed forces and clients around the world, is one of several troubled state-owned companies in the country that have been kept afloat by government bailouts in recent years.
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Denel made R1.7 billion annual loss, Department of Public Enterprises confirms
The Department of Public Enterprises said in a presentation to Parliament that Denel’s latest annual loss was caused by a significant decline in revenue.
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Denel appoints Talib Sadik as interim group CEO
Sadik takes up the reigns at a time when the state arms company is in the throes of a liquidity crisis and has failed to pay workers their salaries for three months now.
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D-day for Denel: Will they have plan on how they will pay outstanding salaries?
The state-owned entity requested an extension until Friday after failing to adhere to a court order to settle what it owes workers last week.
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Solidarity, UASA head to court to force Denel to pay staff outstanding salaries
The unions are preparing to file contempt of court papers after the state arms manufacturer missed a deadline to pay by last Friday.
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Denel can't honour court ruling on salaries - letter
The state-owned company, which makes equipment ranging from armoured vehicles to missiles, has struggled to pay staff salaries due to a liquidity crisis aggravated by the COVID-19 pandemic.
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Denel ordered to pay outstanding salaries by Friday
The Labour Court on Tuesday ordered state defence firm Denel to pay workers outstanding salaries for May, June and July by no later than Friday, 7 August, a copy of the court judgment showed.
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Trade union Uasa to approach courts over months of unpaid salaries at Denel
The union is seeking an interdict from the Labour Court that will force the cash-strapped state-owned entity to honour all outstanding contractual and statutory commitments to employees.
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CEO of Denel Danie du Toit to step down
Denel, which makes equipment ranging from armoured vehicles to attack helicopters and missiles, has struggled to pay employee salaries amid a liquidity crisis aggravated by the COVID-19 pandemic.
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Denel seeks to revise bailout conditions to survive
One of several struggling state firms, Denel launched a recovery plan in 2018 but the COVID-19 pandemic dealt a blow to the company, which makes equipment ranging from armoured vehicles to attack helicopters and missiles.
