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Denel taking aim at south-east Asia

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State-owned defence and technology conglomerate Denel is in Kuala Lumpur this week where it is seeking buyers for products and services ranging from landward...

Government assistance to Denel totalled R9 billion in five years

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Beleaguered State-owned defence and technology conglomerate Denel benefitted to the tune of R9 billion from National Treasury (NT) over the past five years at...

Progress, but no delivery date for Badger yet

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The 2012 delivery date originally set down for the SA Army to receive its new infantry fighting vehicle (IFV), christened the Badger and given...

Massive personnel losses at Denel

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In the five-year period from the 2019/20 to 2023/24 financial terms, State-owned defence and technology conglomerate Denel saw staff numbers drop by just on...

Direct cost of fraud and corruption at Denel is over R4...

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State-owned defence conglomerate Denel has suffered a direct loss of more than R4 million due to fraud and corruption over the last five years,...

Overdue Denel AGMs reprieved by Companies Tribunal

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Denel, under the leadership of a permanent chief executive for the first time in over three years, has been reprieved by the Companies Tribunal...

Asset Forfeiture Unit secures R43 million preservation order against former DRC...

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The National Prosecuting Authority’s (NPA’s) Asset Forfeiture Unit (AFU) has secured a R43 million preservation order emanating from a case of fraud and theft...

Strategic changes coming at Denel, new CEO affirms

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Tsepo Monaheng, Denel’s first permanent chief executive in more than three years, appraised “valued stakeholders” via an 8 March communication of “important and strategic...

Progress at Denel can be rewarded by access to National Treasury...

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The new man at the helm of the State-owned defence and technology conglomerate Denel - Tsepo Monaheng - knows there will be no additional...

Denel concluding Hoefyster development but fewer vehicles to be manufactured

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Denel is busy concluding development of the Badger infantry fighting vehicle (IFV) under Project Hoefyster, while revised production costs will see fewer vehicles manufactured...

Delivery of first operational A-Darters scheduled for December

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Slow progress is being recorded with the long-delayed A-Darter air-to-air missile being manufactured by Denel Dynamics for the SA Air Force (SAAF), with delivery...

South African troops in the DRC, Mozambique at risk without helicopter...

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South Africa has deployed its troops into Mozambique and the Democratic Republic of Congo (DRC) without renewing a maintenance contract needed to keep its...

SOEs, including Denel, on a “death spiral” – DA

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National Treasury’s third quarter government expenditure report confirms the apparent “death spiral” of State-owned enterprises (SOEs), including Denel, continues. The observation by Democratic Alliance (DA)...

Denel Technical Academy to host open day

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The Denel Technical Academy will this weekend be holding an aviation and engineering technical careers open day. Career specialisations to be highlighted include aircraft radiotrician,...

Bullish Denel amongst South African exhibitors at World Defence Show

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State-owned Denel is one of half a dozen South African companies taking part in the second World Defence Show in Saudi Arabia this week. The...

Denel pledges support for SAPS on national police day

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Michael Kgobe, the interim Group CEO of Denel, believes the annual commemoration of National Police Day on 27 January is an opportunity to highlight...

New Denel CEO expected in office next month

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Come mid-February, the chief executive’s office at the Denel campus in Irene, Centurion, will have a permanent occupant for the first time in over...

Gordhan not resigning Cabinet post

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Taking the general truth of “a direct question deserving a direct answer” Public Enterprises Minister Pravin Gordhan gave a straight “no” when asked if...

New Denel chief executive no stranger to defence technology

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Over three years after Denel’s last permanent chief executive exited the State-owned defence and technology conglomerate, the position has been filled by Tsepo Monaheng. Exactly...

SA defence industry out in force at Exercise Vuk’uhlome 2023

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The South African defence industry showed its mettle at the Army's Exercise Vuk’uhlome Distinguished Visitors Day on 22 November, not only exhibiting its solutions...

Denel still financially distressed – Godongwana

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Finance Minister Enoch Godongwana singled out Denel, along with three other State-owned enterprises (SOEs), as being in poor financial health, with the Centurion-headquartered defence...

Call for Denel to appoint permanent CEO

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Two senior Democratic Alliance (DA) public representatives, whose shadow portfolios include troubled State-owned defence and technology group Denel, maintain priority number one should be...

Denel has ‘stabilised’, but is its future secure?

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The Engineering News article “Denel seeking to rebuild itself after severe collapse” provides interesting reading. There have been no audited Denel financial statements released...

Seven companies vying for Armscor APC tender

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The South African Army’s search for new armoured personnel carriers (APCs) to replace its current border patrol vehicles is seeing seven South African defence...

New timelines for Project Hoefyster

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Denel is proceeding with work to complete the development of the Badger infantry fighting vehicle (IFV) under Project Hoefyster, and expects to establish a...

Overberg Test Range struts its stuff

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The Denel Overberg Test Range (OTR) in the Western Cape hosted its ninth “show and tell” for the wider South African defence community in...

Public Enterprises oversight committee commends Denel

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Khaya Magaxa, Parliamentary Portfolio Committee on Public Enterprises chair, welcomed progress made by Denel with its turnaround strategy. In a statement issued post a presentation...

Denel says it is making progress with its turnaround strategy

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Denel is forging partnerships with the UAE, Turkey, and Saudi Arabia, selling assets and restarting production as it continues to implement its turnaround strategy. Interim...

Alkantpan hosts successful Denel capability demo

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Proof Denel can still make the grade came at Armscor’s Alkantpan test range last month with pride of place going to a VLAP (velocity...

Denel unwanted asset sale realises R36 million

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During Public Enterprises Minister Pravin Gordhan’s  four-and-a-half year tenure, to date State-owned defence and technology conglomerate Denel has sold assets valued at R15.6 million...

Denel and Aselsan further collaborate on Rooivalk modernisation

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Denel Aeronautics and Aselsan have signed an agreement covering future avionics modernisation of the Rooivalk attack helicopter, following an earlier memorandum of understanding announced...

Gordhan’s DPE again quizzed on SOEs including Denel

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Julius Malema’s Economic Freedom Fighters (EFF) in the form of Limpopo parliamentarian Omphile Maotwe is proving to be a persistent questioner in search of...

Denel State capture allegations being investigated

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Ahead of Chief Justice Raymond Zondo expressing concern around Parliament not being able to prevent another round of State capture, Public Enterprises Minister Pravin...

Positive earnings for Denel as turnaround kicks into high gear

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Denel has, for the first time in years, posted positive earnings, with R390 million before interest and tax (EBIT) for the year ending March...

Denel directors face subpoenas if SCOPA no-show is repeated

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The non-appearance of the Denel board at this week’s SCOPA (Standing Committee on Public Accounts) meeting was, in typical Parliamentary style, noted and re-scheduled...

Denel working on R18 billion order book as turnaround strategy is...

With its factories resuming production after a hiatus of several years, Denel is working on its R18 billion order book and targeting R30 billion...

Deputy Public Enterprises Minister visits Denel as production restarts

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Having received the latest R1.8 billion bailout payment from National Treasury and settling outstanding salaries, Denel is restarting production at its facilities as it...

Denel’s finances remain vulnerable, but money incoming

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In March, Denel received R1.8 billion from National Treasury, which is withholding another R1.5 billion while Denel proceeds with the sale of remaining non-core...

Denel bailouts total R9 billion over four years

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Further evidence of the drain Denel is on the public purse comes from Public Enterprises Minister Pravin Gordhan replying to a Parliamentary question. He told...

Denel refutes allegations of malfeasance in suspended Dynamics CEO case

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Denel has recently found itself refuting allegations of malfeasance made by suspended Denel Dynamics CEO Sello Ntsihlele. In a statement issued on 25 May, the...

Denel “buck” passed to Armscor by Public Enterprises

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Defence and technology conglomerate Denel is one of Pravin Gordhan’s State-owned entities (SOEs) responsibilities with his department displaying nifty political footwork to divert a...

Badger infantry fighting vehicle programme not at risk, Denel says

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State-owned defence company Denel has said its contract to supply new generation Badger infantry fighting vehicles (IFVs) to the South African National Defence Force...

SANDF not satisfied with Denel’s ability to maintain prime mission equipment

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Parliament’s Joint Standing Committee on Defence (JSCD) is “concerned by the return on investment (ROI)” the SA National Defence Force (SANDF) receives for its...

Chief of the SANDF expresses support for Denel

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The South African National Defence Force (SANDF) relies heavily on Denel and Armscor for its defence equipment needs. This was emphasized by General Rudzani...

Moving Denel from Public Enterprises needs “entire government” participation

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Defence and Military Veterans Minister Thandi Modise made it clear she alone cannot move Denel from the control of its current government shareholder to...

Top SANDF council informed and educated on Denel “mysteries”

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Three weeks after the Joint Standing Committee on Defence (JSCD) urged Denel and the SA National Defence Force (SANDF) to ‘thrash out concerns’, it...

Is returning to Denel an option for skilled ex-staff?

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Parliament’s Joint Standing Committee on Defence (JSCD) has called for the full implementation of Denel’s turnaround strategy so that it can continue to support...

Denel and SANDF advised to “thrash out” equipment issues

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One Parliament defence oversight committee – the Joint Standing Committee on Defence (JSCD) – maintains it’s time for management of the national defence force...

Armscor making little headway on Hoefyster and A-Darter projects

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There has been little forward movement on the Badger and A-Darter projects for the SA National Defence Force (SANDF), which is still in the...

Denel belatedly submits financial statements for auditing

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The audit of state-owned defence conglomerate Denel’s financial statements is two years behind, as the company only submitted its 2021/22 financial year statements to...