Tag: Denel
Denel details its strategy to stabilise and grow the Group
Denel’s chief restructuring officer Riaz Saloojee believes there is now a clear and sustainable business case underpinning the future of the company, which has...
Denel finally pays staff their outstanding salaries
Denel has finally paid all outstanding salaries owed to employees after gaining access to funds from the Denel Medical Benefit Trust. Most staff had...
UASA welcomes court order forcing Denel to meet employee obligations
Gauteng, West Rand, based labour organisation UASA (United Association of SA) maintains the court order forcing Denel to meet its financial obligations to employees...
Denel settles outstanding salary and employee benefits with trade unions
Protracted legal proceedings resulting in asset attachment and auction are seemingly over with Solidarity indicating via a statement issued on Sunday (31 July) a...
Denel mismanagement saw thoughts of suicide rise among employees
The issues around state capture are by and large expounded in financial loss terms with so-called kingpins and scapegoats named but not necessarily shamed.
A...
Denel “discussing” court-ordered salary payments with attorneys
Denel is in discussions with attorneys representing staff over unpaid salary claims, according to Public Enterprises Minister Pravin Gordhan.
Replying to a question from Economic...
More Denel asset auctions coming
An auction of Sheriff-seized Denel assets in Centurion today (Friday, 15 July) is the first with more on the way as trade union Solidarity...
Denel assets to go under the hammer
Further proof, if ever needed, of the abysmal plight of Denel employees comes on Friday when assets of the State-owned defence and technology conglomerate...
Denel board member remuneration revealed
Denel has spent over R5 million in the past four years on its Board of Directors, the Department of Public Enterprises has revealed.
Replying to...
Denel likened to a rotting carcass
In yet another broadside at Denel and its sole shareholder – the South African government – Isaac Mashaba, a regular commentator on government’s achievements...
Denel back in court in July over unpaid salaries
Denel will be back in court next month to face an application brought by trade union UASA in April to honour outstanding salaries.
UASA was...
Saloojee back at Denel
Former Denel Chief Executive Riaz Saloojee, summarily dismissed along with two other senior executives at the height of State Capture machinations at the defence...
Defence minister admits Badger IFV unlikely to happen
The SA Army is unlikely to see any Badger infantry fighting vehicles (IFVs) supposed to be procured under the more than a decade old...
Public Enterprises ministerial team gives update on SOE turnaround plans
Public Enterprises Minister Pravin Gordhan concentrated on, for want of a better word, the “majors” when it comes to non- and under-performing State-owned enterprises...
Denel again ordered to settle outstanding salaries
In what is another financial blow to struggling Denel, the State-owned defence and technology conglomerate has to pay 42 non-unionised current and former employees...
Defence budget also to blame for poor serviceability of SANDF equipment...
The real reason why some South African Air Force (SAAF) aircraft are grounded is the poor state of the defence budget, and not just...
Denel presentation to Parliamentary committee “untruthful”
Ailing State-owned defence and technology conglomerate Denel was told “there’s no need to sugar coat or hide anything” by the acting chair of a...
Status quo at Denel cannot continue, UASA tells Parliamentary committee
Representatives from trade union UASA this week delivered a presentation to members of Parliament’s Standing Committee on Appropriation at the South African National Defence...
Armscor CEO in favour of DPE “intervention measures” for Denel
The current sorry state of Denel will change if Armscor chief executive Solomzi Mbada is to be believed.
He devotes part of his “From the...
Exclusive: Restructuring a key component of bullish Denel’s turnaround strategy
Restructuring for efficiency, establishing joint ventures, and selling shares are some of the key turnaround strategies Denel is implementing, and which it believes will...
Court wants to know exact amount owing to UASA Denel members
Denel has until Tuesday 12 April to provide the Labour Court with the “exact” amount owing to employees who are members of UASA (United...
Union in Labour Court for claim on Denel money
Trade Union UASA (United Association of SA) wants a share of what it expects to be a R1 billion pay-out to embattled Denel from...
Solidarity lays criminal charges against 21 alleged state capturers, including ex-Denel...
Solidarity has laid charges of corruption, theft, fraud and mismanaging state funds against 21 alleged state capturers, including the former chairperson of Denel, Daniel...
Legal intervention sees Denel staffers paid
South Africa’s legal system has yet again come to the rescue of Denel employees in dire financial straits because the State-owned enterprise (SOE) is...
UASA’s case against Denel postponed to September
Denel has some breathing room in its battle with trade union UASA, after the Labour Court in Johannesburg ruled the company will remain under...
UASA labour case against Denel back in court
Trade union UASA’s labour case against Denel is back in court today, 16 March, as the union continues to fight for the state-owned company...
Armscor tasked with IP commercialisation process
As the custodian of Department of Defence intellectual property (IP), Armscor has been tasked with identifying and making accessible IP for commercialisation.
The National Defence...
Further Denel asset attachments coming
Six Denel divisions representing the spine of the conglomerate’s manufacturing capabilities will have assets attached in terms of a court order awarded to Solidarity...
Armscor trying to circumvent challenges at Denel
Armscor is getting creative in dealing with the crisis at Denel by paying Denel’s suppliers directly, amongst other measures, as Denel battles to deliver...
Still no A-Darter missiles for the SAAF
Denel Dynamics has been unable to deliver any production A-Darter air-to-air missiles to the South African Air Force (SAAF), forcing Armscor to contemplate contracting...
Some Denel Dynamics staff to get full February salaries
Denel Dynamics has not been able to generate enough cash to pay all staff their February wages, but will be able to pay employees...
Denel confirms access to medical benefit trust funding
Denel employees and pensioners need not fear benefits from a company medical trust are in jeopardy following a High Court ruling and a ministerial...
Another Denel salaries court case
A group of current and former Denel employees plan to attach over R4 million apparently residing in a Denel company account as response to...
Denel PMP able to pay half of January salaries
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...
