Denel
Denel in desperate need of a turnaround plan - Cosatu
Trade union federation Cosatu said the state arms manufacturer is in desperate need of a turnaround if its financial issues are to be resolved.
-
Cosatu: 'Horror' Christmas for Denel workers who haven’t been fully paid
Denel told Parliament in August that it currently owes employees over R600 million and suppliers R900 million.
-
Godongwana: No more easy bailouts, just 'tough love' for SOEs
The new finance minister delivered his maiden Medium-Term Budget Policy Statement in Parliament on Thursday afternoon with state-owned entities listed as a fiscal risk in the budget documents.
-
Still no explanation given for blast at Helderberg Denel facility
Days after an explosion at a Denel arms manufacturing plant in Helderberg, there's still no explanation as to what exactly happened or who was responsible.
-
No fatalities reported after explosion at Helderberg Denel facility
It's not clear what caused the blast but it appears there were no fatalities as a result.
-
If Denel collapses, so will SA’s defence industry - warns Parly’s Cyril Xaba
Members like Cyril Xaba painted a bleak picture of the state of Denel and how this could affect other companies in the sector.
-
Denel critical for SANDF to meet mandate, needs funding to restructure, MPs told
Denel is in dire financial straits and has been unable to pay full salaries, triggering an exodus of skilled staff members and litigation aimed at liquidating the state company.
-
DPE: New operating model for cash-strapped Denel agreed to
The department has told Parliament’s public enterprises portfolio committee on Wednesday that implementing the new business model will require funding.
-
Zondo hears details of how VR Laser was awarded Denel contract
State capture commission investigator Clearence Benjamin said that Salim Essa and Iqbal Sharma's company, Elgasolve, owned 74.9% of VR Laser, the Gupta company that was awarded an irregular contract at Denel even though its initial bid was R100 million higher than a Denel subsidiary.
-
WATCH LIVE: Anoj Singh, Lynne Brown return to Zondo Inquiry
The state capture inquiry will on Thursday hear Eskom-related evidence from former CFO, Anoj Singh, while former Public Enterprises Minister Lynne Brown is expected to give evidence related to Denel.
-
Ex-Denel board chair Mantsha admits Guptas flew him around the world
The Zondo Commission has heard how the state arms manufacturer signed an irregular contract with Gupta-owned VR Laser.
-
Ex-Denel CEO Saloojee begged not to be fired, Zondo Inquiry hears
Riaz Saloojee is accused of roping in Gupta associate, Salim Essa, to award a contract to a company, VR Laser, owned by the family.
-
WATCH LIVE: Former Denel board chair Daniel Mantsha testifies at Zondo Inquiry
The state capture commission is hearing Denel-related testimony from the former board chairperson Daniel Mantsha on Friday.
-
MPs flay Denel for supplying weapons in Yemen conflict
Scopa member Sakhumzi Somyo has also questioned Denel on how much it made from Yemen arms sales.
-
Irregular Denel tender more like a ‘gentlemen’s agreement’ - SIU tells MPs
The tender involved hacking into the state arms company's IT system to test its vulnerability.
-
Scopa to grill struggling SOEs over 'grim' audit outcomes
Eskom, Transnet, the SABC all got qualified audit opinions. Even worse, disclaimers were issued for Denel and Prasa.
-
AG Maluleke paints grim picture of the state of key SOEs
Parliament's standing committee on public accounts (Scopa) was briefed on the latest audit outcomes for the Development Bank of Southern Africa, Denel, Prasa, Eskom, Transnet and the SABC during a marathon session on Wednesday.
-
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.
