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Mavtech goes virtual in lieu of AAD

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Mavtech Technologies is taking its Africa Aerospace and Defence (AAD) exhibition stand online this year in place of the physical stand it would have...

AL TARIQ continues to enhance PGM range

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AL TARIQ (formerly Barij Dynamics) continues to enhance its ‘Al Tariq’ range of precision-guided munitions (PGMs) and is about to start production on the...

Concern over ‘inflated’ SAPS rubber bullet tender

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It has been alleged that the South African Police Service (SAPS) paid five times what they should have for less lethal ammunition. According to the...

Interim Denel CEO is fourth top man in nine years

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Since he left Denel nine years ago the State-owned defence and technology conglomerate faced tough times and has seen three chief executives come and...

Denel at risk of business rescue, government warns

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Denel faces the risk of being placed under business rescue or even in liquidation due to its dire financial position, the National Treasury said...

Labour Court rules against Denel – again

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Trade union Solidarity, unhappy about Denel’s failure to obey a court order, brought a successful contempt of court application which should see the cash-strapped...

Denel not planning to seek further bailouts

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State defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch aggravated by the coronavirus crisis, its interim...

Fitch downgrades Denel

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Fitch Ratings has downgraded Denel’s national long-term rating amidst the embattled state-owned company’s severely strained liquidity position and lack of government support. The ratings agency...

DA wants to talk turkey with Denel interim chief

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The Democratic Alliance (DA), in the form of its shadow public enterprises minister, has had enough of “repetitions of turnaround strategies and plans trotted...

Egyptian Umkhonto deal apparently falls through

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Egypt has apparently cancelled its contract with Denel Dynamics for Umkhonto surface-to-air missiles after Denel failed to provide guarantees for the R4.5 billion contract...

COMPANY NEWS

Question for Public Works and Infrastructure Minister uses defenceWeb information

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Public Works and Infrastructure Minister Patricia de Lille’s R37 million Beit Bridge fence upgrade as part of government efforts to prevent the spread of...