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  • FILE: Officials say this exercise should have involved the State Security Agency due to its sensitivity. Picture: @DenelSOC/Twitter.

    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.

    446 days ago
  • FILE: Scopa chairperson Mkhuleko Hlengwa. Picture: @MkhulekoHlengwa/Twitter

    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.

    474 days ago
  • FILE: Auditor-General Tsakani Maluleke on 9 December 2020 delivered the second COVID-19 relief fund audit report in Pretoria. Picture: @SAgovnews/Twitter.

    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.

    474 days ago
  • A screengrab of Transnet’s former Denel group chief executive Riaz Saloojee appearing at the state capture inquiry on 26 November 2020. Picture: SABC/YouTube

    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.

    543 days ago
  • FILE: Deputy Chief Justice Raymond Zondo at the state capture inquiry on Tuesday, 8 October 2019. Picture: Kayleen Morgan/Eyewitness News.

    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.

    545 days ago
  • FILE: Deputy Chief Justice Raymond Zondo at the state capture inquiry. Picture: Eyewitness News

    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.

    561 days ago
  • A screenshot of former Denel head of supply chain Dennis Mlambo testifying at the Zondo Inquiry on Tuesday, 27 October 2020. Picture: SABC Digital News/ Youtube

    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.

    573 days ago
  • A screengrab of former Denel procurement executive Celia Malahlela appearing at the state capture inquiry in Johannesburg on 27 October 2020. Picture: SABC/YouTube

    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.

    573 days ago
  • FILE: A Denel stand at an arms convention. Picture: @denelsoc/Facebook

    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.

    586 days ago
  • A South African Post Office branch. Picture: @PostofficeSa/Twitter

    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.

    629 days ago
  • FILE: The SABC headquarters in Auckland Park. Picture: SABC

    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.

    630 days ago
  • FILE: A Denel stand at an arms convention. Picture: @denelsoc/Facebook

    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.

    630 days ago
  • Picture: @DenelSOC/Twitter

    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.

    634 days ago
  • Denel Image

    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.

    642 days ago
  • Picture: @DenelSOC/Twitter

    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.

    645 days ago
  • Picture: @DenelSOC/Twitter

    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.

    648 days ago
  • Picture: @DenelSOC/Twitter

    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.

    650 days ago
  • Picture: @DenelSOC/Twitter

    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.

    654 days ago
  • Picture: @DenelSOC/Twitter

    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.

    657 days ago
  • Picture: @DenelSOC/Twitter

    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.

    661 days ago
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