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Denel PMP able to pay half of January salaries

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Denel Pretoria Metal Pressings (PMP) is able to pay half of outstanding salaries for January, and is hopeful of paying February wages. PMP CEO Phaladi...

Save Denel to ensure local defence industry’s future

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If Denel goes down, Parliament’s Joint Standing Committee on Defence (JSCD) is concerned that South African defence technology development could grind to a halt. After...

Denel Dynamics unable to pay all February salaries

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Denel Dynamics has not collected enough cash to make February salary payments to all staff as the division continues to struggle with wage obligations. Denel...

R1 billion injection for Denel from medical fund

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Public Enterprises Minister Pravin Gordhan has revealed that nearly R1 billion held in a medical fund is becoming available to Denel, which can use...

Additional R3 billion for Denel is to settle debt

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The R3 billion National Treasury has allocated to Denel in the 2022 budget is only to cover capital and interest payments on guaranteed debt,...

UAE awards Denel Dynamics aircraft maintenance contract

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The United Arab Emirates (UAE) has signed a R23 million contract with Denel Dynamics to provide technical support for aircraft systems. The deal was announced...

Labour Court rules in favour of Solidarity – again

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Struggling State-owned enterprise (SOE) Denel has to come up with R90 million in the next 10 days to pay outstanding salaries and employee benefit...

Denel’s troubles delaying maintenance of SAAF aircraft

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The liquidity crisis within Denel is hampering the maintenance of South African Air Force (SAAF) aircraft, including the Rooivalk and Oryx helicopters and C-130...

Zondo Commission report delayed

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Denel watchers from – hopefully – former Cabinet ministers and board members through to employees as well as the wider South African defence community...

Denel unable to deliver on Hoefyster contract; Armscor recommends cancellation

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Denel is unable to complete Project Hoefyster for new Badger infantry combat vehicles for the South African Army due to insufficient capability, and consequently...

UASA concerned by Denel request for more funding

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Trade union UASA has expressed concern over another Denel application for funding at a time when there is still no clear plan to pay...

Heat turned up for State Capture accused

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President Cyril Ramaphosa says discussions are underway with the Judiciary for the creation of special court rolls for state capture and corruption cases unearthed...

Denel, SANDF have electricity cut over lack of payment

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The City of Tshwane has cut electricity to Denel’s Lyttleton campus and a building occupied by the South African National Defence Force (SANDF) in...

Outstanding December salaries paid to PMP staff

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Denel Pretoria Metal Pressings (PMP) has been able to pay its staff their outstanding December salaries and a portion of thirteenth cheques. In an infogram...

Former Public Enterprises Minister participated in Denel “capture” – Zondo

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It’s about as official as can be that “State Capture” took place at Denel and other State-owned enterprises (SOEs), transforming once profitable businesses into...

JSE suspends Denel bonds trading

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Embattled Denel finds itself not able to trade its bonds on the Johannesburg Stock Exchange (JSE), another blow to the beleaguered State-owned company (SOC)...

UASA supports investigation and prosecution of corrupt Denel executives

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Trade union UASA, which has numerous Denel employees as members, has expressed support for Deputy Chief Justice Raymond Zondo’s recommendation that law enforcement agencies...

Zondo report confirms Guptas captured Denel

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From an internationally respected company in the defence and technology sectors to one “almost on its knees today” is one of many damning phrases...

Denel PMP cannot pay January salaries

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Staff at ammunition manufacturer Denel Pretoria Metal Pressings (PMP) will not be getting paid their January salaries due to no or limited activity taking...

Denel/Solidarity salaries court battle continues

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The ongoing saga that is the legal battle which sees beleaguered Denel facing off against labour organisation Solidarity makes yet another court appearance in...

Denel Dynamics revises staff payment procedures to ensure projects continue

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Only those staff working on certain ring-fenced programmes at Denel Dynamics will be receiving 100% of their salaries going forward, as the company’s focus...

Thirteenth cheques for Denel PMP in doubt

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Denel Pretoria Metal Pressings (PMP) employees may only be getting half of their thirteenth cheques due to what the company says is unforeseen circumstances. At...

Denel Dynamics staff getting 45% of November salaries as UASA complains...

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Denel Dynamics is one of the few Denel Group divisions that is in a position to pay November salaries, with staff getting 45% of...

Denel not meeting personnel and oversight commitments

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With just five Parliamentary working days left in 2021, it appears the delayed Denel annual report is not going to be put under oversight...

Settled debt to save Denel R250 million a year

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National Treasury has allocated Denel R2.9 billion in order for it to pay its government guaranteed debt, and this will save Denel R250 million...

Denel Land Systems unable to pay November salaries as voluntary severance...

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Denel Land Systems (DLS) will not be able to pay November salaries and thirteenth cheques due to extreme financial pressures while the Group has...

Denel medical benefit fund not going to court

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A Denel proposal to go the individual annuity route for employees, current and retired, belonging to its medical benefit trust will no longer be...

Court sides with union on Denel salaries

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NUMSA (National Union of Metalworkers of SA) is the third labour organisation to take legal action against Denel for non-payment of salaries and employee...

More money for SANDF, Denel in medium term budget

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Denel will be getting an extra R2.9 billion in the 2021 Medium Term Budget, to cover debt, while the South African National Defence Force...

Denel medical annuity offer “a good one”

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Indications are a Denel proposal to dissolve its medical benefit trust in favour of individual annuities has solid support. The beleaguered State-owned defence and technology...

Rooivalk Mk II development stalled

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Discussions on development of a Rooivalk Mk II combat support helicopter remain at a technical level between Denel and Armscor with little progress since...

Denel planning to do away with medical benefit trust – UASA

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Embattled Denel apparently wants its medical benefit trust dissolved and is envisaging changes to post-retirement medical aid benefits, a registered trade union which has...

Denel Land Systems unable to pay employees as Public Enterprises promises...

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Staff at Denel Land Systems will once again go without salaries but the Department of Public Enterprises maintains plans are afoot to provide financial...

Denel Vehicle Systems equipment up for auction this week

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Trucks, vehicles, forklifts, motors, redundant stock and more from Denel Vehicle Systems will be up for auction in Benoni this week. RootX will on 26...

Gordhan explains late submission of annual reports, including Denel’s

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Public Enterprises Minister Pravin Gordhan, via Parliament’s announcements, tablings  and committee reports (ATCs) mechanism, this week let it be known three of the State-owned...

Hoefyster is another Denel casualty

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The sorry saga that is the new infantry combat vehicle (ICV) for the SA Army drags on with Armscor indicating “no significant progress” in...

Denel 2020/21 annual report MIA

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Denel successfully weathered a liquidation attempt this week but still faces a myriad of problems – mostly financial – and has also not met...

Egyptian Air Force F-16s, Mirage 2000s fitted with Al Tariq PGMs

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The Egyptian Air Force (EAF) has acquired Denel-designed Al Tariq precision guided munitions (PGMs) and is now deploying them on its Mirage 2000 and...

Out of court settlement resolves Saab’s bid for Denel liquidation

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Saab Grintek Defence’s bid to have Denel liquidated has been struck off the roll following an out of court settlement. In a notice to the...

Denel starts Gear Ratio division disposal

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Denel has actively started the process to dispose of its Gear Ratio division, with a call to prospective bidders under what it calls Project...

Date set for Denel liquidation application

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The downward trajectory of State-owned defence and technology conglomerate Denel will next week be the subject of yet another round of legal arguments when...

Final flight test of Draken’s Cheetahs marks end of an era

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Cheetah C tail number 376 performed its final flight acceptance test on Wednesday ahead of being shipped to the United States, marking the end...

Denel Dynamics unable to pay full September salaries

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Denel Dynamics is yet again unable to pay staff their full salaries, but employees will receive a fifth of their normal pay in September. According...

Temporary home for Oryx 1234 at AFB Swartkop

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The helicopter population of the oldest base in the SA Air Force (SAAF) – Swartkop in Centurion – has grown by one but the...

Denel Land Systems once again unable to pay salaries

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Employees at Denel Land Systems will once again go without salaries, as the division does not have enough cash to pay staff for September. This...

Denel pays Solidarity millions to settle outstanding salaries

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Trade union Solidarity’s bank account was today (Friday, 17 September) boosted to the tune of R4 million, compliments of Denel, that will go to...

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...

Denel financial aid plans “afoot” – Gordhan

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Public Enterprises Minister Pravin Gordhan maintains “plans are afoot to provide financial support” to troubled Denel. He told Parliamentary questioner Elphas Buthelezi of the Inkatha...