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Over a dozen Denel contracts with SANDF under threat

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Denel has over a dozen product and support contracts with the South African National Defence Force (SANDF) but these are under threat from the...

Denel owes staff and suppliers R1.5 billion

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Denel is technically insolvent and owes staff R636 million and suppliers R900 million, the embattled state-owned company has told Parliament’s Standing Committee on Public...

Denel asset seizure ongoing

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A five-year turnaround plan for Denel is not paying outstanding and currently due salaries despite a commitment to “work tirelessly” to remedy this blot...

Denel at risk of collapse, with implications for the SANDF

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Denel is at risk of collapse and this could affect the South African National Defence Force’s ability to fulfil its constitutional obligations. This is according...

Interim Denel CEO sets five year plan for profitability

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Irascible trade unions, portions and non-payment of salaries, possible legal action seeking liquidation and creditors not meeting their obligations will not deter Denel interim...

No June or July salaries for Denel Land Systems staff

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Employees at Denel Land Systems (DLS) will once again have to dig into their own pockets to make ends meet as the company cannot...

Legal lifeline for Denel as employees go without pay

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A legal lifeline has been cast to beleaguered Denel by the Labour Court with a postponement to allow the State-owned defence and technology conglomerate...

Embarrassing state of affairs at Denel needs a swift solution –...

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The dire financial situation at Denel has not improved after more than a year of empty promises to workers and embarrassingly, employees at Denel...

Salary woes continue at Denel

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At least one Denel division – Dynamics – will not be paying staff this month because of “the client not honouring promises to make...

New Denel director

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An announcement by troubled Denel to the Johannesburg Stock Exchange (JSE) sees one of five current vacancies on its board filled. According to the two...

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...