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Denel has no cash reserves, cannot pay suppliers – claim

State-owned arms manufacturer Denel, until recently the poster boy for well-run state companies, cannot pay its suppliers after apparently exhausting its cash...

Top Denel trio on “special leave”

Three senior Denel executives, including chief executive Riaz Saloojee, have been suspended following a board meeting last Wednesday. Chief financial officer Fikile Mhlontlo...

Upgrade for Denel in latest Fitch Ratings

State-owned defence industry conglomerate Denel has been upgraded to "AAA (zaf)" by Fitch Ratings, the global financial services provider. It was previously rated...

Denel restructuring in order to sustain business turn-around

Defence manufacturer Denel says it has initiated a realignment of companies in the group that will lead to savings, increased efficiencies and...