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
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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
As South African finance minister Pravin Gordhan tries to fend off a police investigation, his department is engaged in open conflict with key state-owned companies over their management and spending plans. Threatened court action by the national
The Hawks are working on a project with state-owned Denel Dynamics to find the right drone technology in the fight against rhino poaching, parliament heard on Friday. Parliament’s police committee was briefed by the South African Police Service
Arms manufacturer Denel will work with GEW Technologies, owned by Airbus, on future electronic warfare programmes for South Africa, the parastatal said on Tuesday. Electronic warfare technology
Paramount Group, Africa’s largest privately owned defence and aerospace business, this week took the wraps off the Ahrlac, a homegrown aircraft that offers a highly configurable payload system that allows it to be transformed quickly based on operational requirements. The Ahrlac
Denel’s new space engineering unit, Spaceteq, was inducted into the International Astronautical Federation on Monday, the company said. The event took place at the 64th annual International Astronautical Congress currently underway in Beijing, China, spokesman Vuyelwa Qinga
SunSpace, started by a group of University of Stellenbosch students, has had a difficult and uncertain three years, filled with unfulfilled government promises and contracts that failed to materialise. Space has been identified as one of the department of science & technology’s five grand challenges – the others are the
With a potential repositioning of some of the country’s most significant parastatals in the offing, a number of ministers could lose out as key entities are placed under the ever-extending wing of public enterprises minister Malusi Gigaba. Not least of these
Public enterprises minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times at the weekend. His department currently controlled eight parastatals, including SAA, Transnet, Eskom and Denel. With the exception of Broadband Infraco