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Gordhan optimistic about Denel

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Public Enterprises minister Pravin Gordhan gave the nation an insider’s look at the effects of state capture when he presented his departmental budget to...

Denel still under fire from trade union Solidarity

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Trade union Solidarity maintains the liquidity crisis at Denel – of which the latest indicator is non-payment of pension fund contributions - is pushing...

Denel not paying staff medical aid or pension is fraud – union

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Trade union UASA has said the fact that Denel has not paid June pension contributions and medical aid amounts to fraud, as these were...

Armscor Engineering Day to focus on the fourth industrial revolution

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The theme of the 2019 edition of Armscor’s Engineering Day next month will be “The impact of the 4th Industrial Revolution (4IR) on Engineering...

Denel confident it will pay employee pension contributions

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Denel says it is “working tirelessly” to pay the pension fund contributions of its employees, after it emerged the company only paid its staff...

Civilian applications for Armscor-developed defence technology

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With future defence capital equipment acquisition just about a figment of the imagination, the “swords into ploughshares” analogy is one which the South African...

Denel asks for cash injection, rebuffs Saudi bid

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Denel has asked the government for a R2.8 billion cash injection to help it emerge from a financial crisis and secure lucrative export deals,...

Saudi Arabia and Paramount sign defence co-operation agreement

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Saudi Arabian Military Industries (SAMI) and Paramount Group signed a collaboration agreement as part of the Gulf kingdom's efforts to develop its domestic defence...

Solidarity demands Denel take legal action over company’s poor state

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Trade union Solidarity has legally demanded that Denel take legal action against individuals responsible for, or party to, the precarious financial situation Denel finds...

Local commercial bank behind latest Denel bailout

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The undisclosed lender that stepped in to help Denel pay its June salaries in full is a local commercial bank. This is according to Engineering...

COMPANY NEWS

Raw deal for defence in SONA

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Last week’s State of the Nation Address (SONA) by President Cyril Ramaphosa, also Commander-in-Chief of the South African National Defence Force (SANDF), sadly did...