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Denel Asia to be liquidated

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Denel’s slow extrication from the mire of state capture continues with the liquidation of Denel Asia another step on the road to recovery. Parliament heard...

Denel Asia venture cost Denel R3 billion

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The doomed Denel Asia joint venture with VR Laser cost Denel R3 billion in revenues, the Portfolio Committee on Public Enterprises has heard. Department of...

Denel makes it to the State Capture Inquiry

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Justice Raymond Zondo's Commission of Inquiry into State Capture has received its first submission regarding alleged and apparent wrongdoing in the South...

Denel exits Denel Asia joint venture

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Denel has announced that it has exited the controversial Denel Asia joint venture with VR Laser Asia, citing negative impact on its...

Denel chairman reportedly in contact with Guptas on joint venture

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Denel board chairman Daniel Mantsha reportedly supplied the Gupta family with what has been called "sensitive information" at the time the State-owned...

Denel’s fragile financial situation reason for Denel Asia joint venture not...

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The "fragile financial situation" Denel is in has been given as the reason why finance Minister Malusi Gigaba opposes the Denel Asia...

Parliamentary committee wants ministers to answer Denel Asia questions

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Parliament's Portfolio Committee on Public Enterprises has entered the fray around the legality or not of Denel's joint venture with VR Laser...

Denel endeavours to re-establish itself in East Asian market

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Denel has noted the recent media reports on the National Treasury's (NT) former Director General Lungisa Fuzile's court papers regarding the establishment of a...

Denel endeavours to re-establish itself in East Asian market

The company reiterates it conformed to all governance and statutory prescripts leading up to the formation of the Denel Asia joint venture.Denel has noted...

Denel continues to defend Asian venture

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Denel is adamant it has compiled with all the necessary regulations as far as the formation of its joint venture with a...

National Treasury maintains Denel Asia joint venture cannot be approved

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A proposed meeting, at which the ministers of Finance and Public Enterprises will discuss the thorny question of the Denel Asia joint...

Ministers to meet on Denel Asia joint venture

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The next step in the Denel Asia joint venture saga will be a meeting where the ministers of Finance and Public Enterprises...

Denel seeks closure on legality of Denel Asia JV

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Denel has applied to the High Court of South Africa in Gauteng for an order declaring that it obtained approval to form a joint...

Denel seeks closure on legality of Denel Asia JV

The company has applied to the High Court of SA for an order declaring it obtained approval to form a joint venture with VR...

Denel going back to court for legal ruling on Denel Asia...

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State-owned defence industry conglomerate Denel has applied to the North Gauteng High Court for an order declaring it obtained approval to form...

Denel–Gupta links to be investigated in second phase of State Capture...

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Denel's links with the Gupta family are to be investigated in the second phase of the State Capture inquiry that the Public...

Annual report says Denel Asia is one of seven Denel strategic...

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Denel Asia, the State-owned defence industry conglomerate's venture into Asian military markets, is a done deal according to the Denel annual report. Denel...

Denel defends establishment of Denel Asia

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Denel defended its establishment of Denel Asia in conjunction with VR Laser in Parliament yesterday in a meeting that was not attended...

Denel and National Treasury called to Parliamentary committee on Denel Asia...

The war of words between Denel and National Treasury as regards the state-owned defence industry conglomerate's planned entry into the Asian market...

Denel takes aim at National Treasury over Denel Asia joint venture

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State-owned defence industry conglomerate Denel has gone on the offensive against National Treasury saying any court action in connection with the Denel...

Denel Asia still being looked at

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While Denel maintains there was "nothing wrong" in setting up the joint venture between one of its subsidiaries and VR Laser to...

Fired Denel chief executive speaks about Denel Asia for the first...

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While the apparently summarily dismissed Denel chief executive maintains his innocence regarding his involvement in a joint venture with a Gupta associated...

Denel sets out priorities to Parliament’s Public Enterprises committee

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The need to export its products to remain profitable has been cited by State-owned defence industry conglomerate Denel in a presentation this...

Denel board issues media statement

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The Denel board has noted the media statements attributed to minister Pravin Gordhan, and wishes to categorically deny that the Denel board or its...

Denel board issues media statement

Denel executives have met with National Treasury officials twice, addressing the misunderstanding relating to the establishment of Denel Asia, the company says.The Denel board...

Denel board confirms suspended chief executive will not return

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The Denel board of directors, appointed by Public Enterprises Minister Lynne Brown last September, has broken its silence over issues apparently affecting...

Denel dismisses CEO while promoting Asian business

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Denel has reportedly dismissed CEO Riaz Saloojee after its new board suspended him and two others in September last year. It is...

Denel media statement on National Treasury pronouncements

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Denel has noted media reports with regards to the National Treasury (NT) views on the new venture company Denel has entered into as a...

Denel media statement on National Treasury pronouncements

The companies will engage directly to ensure misunderstanding between Denel and the NT about the Denel Asia joint venture is resolved amicably.Denel has noted...

Denel Asia could be unlawful

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The joint venture involving Denel that has apparently given the politically connected Gupta family an in to particularly Far Eastern defence markets...

Denel Asia established to expand business into Southeast Asia

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Denel is extending its footprint into the lucrative Asia-Pacific defence markets with the establishment of a joint venture company in Hong Kong. Denel Asia is...

Denel Asia established to expand business into Southeast Asia

Denel expands its reach into the Asia-Pacific defence market with the establishment of a joint venture company in Hong Kong.Denel is extending its footprint...

Denel partners with VR Laser to form Denel Asia

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State-owned defence industry conglomerate Denel is extending its footprint in the Asia/Pacific region with the establishment of a joint venture company in...