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Denel “not aware” of Employees Association

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The deadline to submit affidavits against court papers seeking business rescue for Denel expired yesterday (Monday, 13 September) with the under-fire State-owned company (SOC)...

Concerned Denel employees want business rescue practitioners called in

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Another call has come for Denel to be placed in business rescue, this time from concerned employees going under the name Denel Employees Association...

DPE welcomes ruling to place Mango under business rescue

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The Department of Public Enterprises (DPE) has welcomed the High Court judgment to place airline Mango under business rescue, effective from 28 July 2021. The...

Call for business rescue at Denel

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Put Denel under business rescue is one proposal this week to find a way of bringing some stability to the beleaguered State-owned defence conglomerate...

Future of AHRLAC secured as Business Rescue nears completion

18 August 2020, Johannesburg - Paramount Aerospace Industries Proprietary Limited (“Paramount Aerospace Industries”), part of the Paramount Aerospace and Technology Group, announced today that the...

SAA needs government funding by end next week

South African Airways (SAA) needs short-term funding from government by the end of next week for the state carrier’s business rescue process to continue,...

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...

South African Airways rescue plan ready bar the funding, say administrators

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A rescue plan for South African Airways (SAA) is ready and can be implemented once funding for the restructuring is found, the state-owned airline’s...

SAA route cuts

Plans to cut some South African Airways’ (SAA) domestic and international routes aim at making the airline sustainable and free from government funding after...

SA Express seeking legal advice

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]The board of SA Express is seeking legal advice after a high court decision ordering the airline be placed under business rescue. “The SA Express...

COMPANY NEWS

SANDF missing the communication target

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Former defence and military veterans minister Nosiviwe Mapisa-Nqakula on a number of occasions said words to the effect South Africans have to decide what...