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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.
Browsing: Denel
News
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.
News
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.
News
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.
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Broke Denel struggling to pay salaries
State-owned arms manufacturer Denel said it doesn’t have enough cash to pay its staff their full salaries this month, joining other government-owned companies clamouring for support in South Africa.
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Mboweni questions need to hold onto all state assets
Finance minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it currently owns given the poor state of the national finances.
Podcasts
Podcast | Denel Spaceteq engineer Jonathan Lun
On this episode of the TechCentral podcast, we chat to South African space engineer Jonathan Lun about being named winner of Singularity University’s Global Impact Challenge Southern Africa for 2017
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ANC leader says Gordhan charges ‘concocted’
The head of economic transformation in the ANC has backed finance minister Pravin Gordhan, saying charges relating to setting up an illicit tax surveillance unit are “concocted” and politically motivated
News
Jonas worried state firms being used politically
Deputy finance minister Mcebisi Jonas is “worried” about the impact of a perception that state institutions are being used to advance political agendas, saying the issue is a distraction to efforts to expand the economy. “Political behaviour does
