Pravin Gordhan deserves to be remembered as a courageous person who served South Africa with distinction.
Browsing: Denel
Government on Friday appointed Dan Marokane as the next CEO of Eskom.
Government wants to bail out the failed Post Office with billions of rand more in taxpayers’ money. It’d be better to let it die.
Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when Denel unveiled the Rooivalk attack helicopter.
President Cyril Ramaphosa has defended the ANC’s long-held policy of a “mixed economy” for South Africa, one where there is a big role for the state. History suggests he’s wrong.
Consultants became the gatekeepers and controllers of billions of rand in spending at state-owned enterprises.
Former Denel chairman Daniel Mantsha played a critical role in helping to capture the company for the Guptas, according to the state capture commission.
State-owned defence firm Denel hopes to return to profitability within the next five years via a restructuring plan, but will still require significant cash injections to make it happen.
Eskom is expected to complete its unbundling into three divisions by December 2022, according to national treasury.
The government has eased the terms of a R576-million bailout given to state defence company Denel for the financial year that ends in March 2021, officials said.