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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
