-
Denel lost about R25bn in turnaround programme – inquiry told
Denel’s former chairperson Martie Janse van Rensburg said things started to change when Minister Lynne Brown overhauled the board in 2015.
-
Former Denel board chair takes witness stand at state capture inquiry
Former Denel chairperson Martie Janse van Rensburg is giving testimony at the state capture inquiry.
-
Former minister Lynne Brown accused staff of being captured, inquiry told
Deputy director-general of Public Enterprises Kgathatso Tlhakudi says that former Minister Lynne Brown accused him and other officials in the department of being captured.
-
Appointment of Zuma's lawyer at Denel 'came as surprise'
Daniel Mantsha, who was appointed as chairman in 2015, has been implicated in allegations of state capture with his tenure being marred by financial irregularities and maladministration.
-
State capture inquiry to zoom in on Denel
Denel has been financially crippled over the past few years due to maladministration and allegations of corruption.
-
Mboweni: 'Eskom’s turnaround can’t be allowed to fail'
Tito Mboweni delivered the Budget on Wednesday during which he gave more details on how Eskom’s to be rescued and how the state aims to save money.
-
Experts remain optimistic despite Overberg sounding rocket launch failure
This initiative sets out to generate a local group of scientists focused on the mechanical workings of rockets, in particular, its launching mechanisms.
-
#Sona2019: Presidential SOE Council will help failing state-owned entities
Proper governance must be restored at Eskom, Denel, Transnet, and other SOEs, said the president. And this is how he’s doing it.
-
Gordhan: 'Denel must shape up before it can do business in India'
On Friday, President Cyril Ramaphosa announced that South Africa wants to deepen and grow cooperation with India when it comes to defence procurement.
-
SA aims to deepen defence procurement cooperation with India
President Cyril Ramaphosa says defence procurement is one of the areas that government is extending cooperation with India.
-
SA says there is no Saudi proposal on Denel under consideration
Minister Pravin Gordhan says that if any sale of Denel shares were to take place, it would follow a transparent, public process.
-
Hlahla: 'New Denel CEO will help generate income, solve state capture issues'
Daniel du Toit's appointment was announced in a joint statement by the Public Enterprises Department and the Denel board on Thursday.
-
Daniel Du Toit appointed new Denel CEO
The ministry of public enterprises and the Denel board made the announcement in a joint statement released on Thursday afternoon.
-
Ramaphosa: 'Governance at SOEs just trashed and completely ignored'
President Cyril Ramaphosa says that his ministers, including Pravin Gordhan, have been shocked at the condition of SOEs.
-
Hlahla: 'Commercial mindset must be adopted to get Denel back on track'
State arms manufacturer Denel says it hopes to have a plan in place by January that will outline the company’s future, including who it will do business with and what products it will produce.
-
Denel: We are not for sale
This comes amid reports that the ailing arms company has been mulling an investment offer from Saudi Arabia.
-
Denel admits bursary granted to Supra Mahumapelo's son was illegal
It emerged in April that a R1 million bursary had been awarded to Oarabile Mahumapelo to attend flight school.
-
Denel needs partners soon to survive, official says
Denel’s woes put at risk an industry estimated to directly employ around 15,000 people and which is one of the most advanced sectors of Africa’s most developed economy.
-
Makwetu: 'Financial outlook for most state-owned entities bleak'
A significant number of parastatal's audits were not completed by the end of September cut-off date because they were still struggling to prove they are going concerns.
-
Denel: Appointing new CEO and CFO will help rebuild company
The state arms manufacturer fired its CFO Odwa Mhlwana yesterday after being found guilty for misconduct during a disciplinary hearing.
-
Denel fires CFO Odwa Mhlwana
Odwa Mhlwana was placed on special leave earlier this year following allegations of misconduct.
