Energy
Eskom to be fully unbundled by December 2022
Eskom is expected to complete its unbundling into three divisions by December 2022, according to national treasury.
Browsing: Denel
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South Africa eases Denel’s bailout terms
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.
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Denel seeks R3.8-billion government bailout
State-owned defence company Denel has asked for R3.8-billion in government financial support over the next three fiscal years, national treasury said on Friday.
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SOEs, including SABC, Post Office, seek billions in taxpayer bailouts
State-owned enterprises have requested billions of rand in funding from the government to help them weather the impact of the coronavirus crisis, a finance ministry presentation to parliament showed.
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Denel appoints interim CEO as it struggles to pay staff
Embattled state arms manufacturer Denel has appointed Talib Sadik, who currently serves on its board of directors, as interim chief executive, the company said on Monday.
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CEO of Denel to step down
The CEO of South Africa’s beleaguered state-owned defence firm, Denel, will step down on 15 August, the company said on Monday.
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Denel can’t pay May salaries
State-owned defence firm Denel said on Tuesday it could not pay salaries for May and wages for June and July were at risk, highlighting the gravity of its financial position.
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Denel to make ventilators as local coronavirus cases rise
State-owned arms manufacturer Denel has allocated resources and expertise to design and develop medical ventilators locally as South Africa’s coronavirus infections increased by 70 cases to 1 655.
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Denel gets reprieve with loan to pay salaries
Denel has received a loan to pay its staff their full salaries this month, according to public enterprises minister Pravin Gordhan, giving the company a short-term reprieve from a cash crisis.
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Disintegrating SOEs imperil South Africa’s finances
A meltdown at some of South Africa’s biggest state companies is intensifying, placing the nation’s finances at risk and frustrating President Cyril Ramaphosa’s efforts to attract new investment and resuscitate a moribund economy.