Denel
Solidarity calls on govt to give struggling Denel financial support
The company announced that it is not in a position to pay May salaries and possibly subsequent months as well.
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Solidarity calls for lockdown rules to end as Denel unable to pay salaries
The organisation said businesses such as Denel were not generating income due to the lockdown, leading to workers losing out on income.
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Denel says can't pay May salaries
Denel is one of a number of struggling state enterprises the government has been keeping afloat with bailouts but are now being battered by the fallout from the coronavirus pandemic.
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Denel fails to pay pension contribution, taxes
Denel is one of a number of loss-making state-owned enterprises the government had been keeping afloat with bailouts but which are now being battered by the coronavirus pandemic and a nationwide lockdown aimed at preventing the disease’s spread.
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Denel, CSIR, Armscor, Eskom join forces to produce COVID-19 ventilator
There’s a desperate need for more of these medical devices globally as a result of COVID-19 patients with respiratory difficulty requiring critical care in hospital.
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COVID-19:Denel among SOEs lending expertise towards SA production of ventilators
Denel has responded to a call from the Department of Public Enterprises to drive the ventilator project, in preparation for a possible surge in the number of hospitalised patients requiring this specialised piece of equipment.
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SOEs to get R129 billion in bailouts over 3 years
A summary of bailouts of state-owned enterprises (SOEs) over the last 12 years shows how the government has allocated R162 billion to financially distressed SOES.
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Godongwana: Consolidation of SOEs key to ensuring SA's economic growth
The ANC’s NEC said the consolidation of state-owned enterprises was imperative to ensure growth and avoid a possible downgrade by ratings agency.
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FACTBOX: SA's struggling state-owned firms
President Cyril Ramaphosa has made turning around Eskom and other failing state companies a priority as he struggles to reverse years of stagnant growth, injecting billions of rand in rescue funds.
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CYRIL RAMAPHOSA: Eskom, SAA, Prasa - we'll do what we must to save them
Despite the depth of current challenges, none of our SOEs is lost, says the president.
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State capture to blame for state of SOEs: Parly's public enterprises committee
An oversight report published this week follows recent visits and inspections of the key SOEs like the South African Airways (SAA), Denel and Transnet.
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Cosatu says will support 'partial privatisation' of struggling SOEs
Many state-owned enterprises are in a shambles. They have long been mismanaged and they rely on bailouts for survival.
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SA blocks arms sales to Saudi and UAE in inspection row
The dispute centres on a clause in export documents that requires foreign customers to pledge not to transfer weapons to third parties and to allow South African officials to inspect their facilities to verify compliance.
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14 SOEs rack up billions in irregular expenditure - Makwetu
Kimi Makwetu said the 14 SOEs notched up R1.4 billion in irregular expenditure but warned this figure could rise as four of them could not make full disclosure on this.
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Denel explosion victims' families await probe results before deciding next move
A widow said the families were now waiting for the outcome of the Labour Department and police investigations before deciding on what to do next.
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Denel winds up Aerostructures
Denel, a cornerstone of South Africa’s once-mighty defence industry, is battling to emerge from a financial crisis and has pledged to shutter loss-making divisions.
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Denel reports R1.9bn operating loss
Denel said its annual revenue had plunged to an all-time low of R3.76 billion due to liquidity constraints.
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Cash-strapped arms maker Denel eyes $2bn in export deals
On Friday, Denel received $118 million cash injection from the government to stem a deepening liquidity crunch.
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There's hope for troubled SOEs, says parly committee chair
Last week, members of the committee travelled to Johannesburg to visit South African Airways, South African Express, Denel and Eskom.
