Tag: Pravin Gordhan
Government assistance to Denel totalled R9 billion in five years
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...
Massive personnel losses at Denel
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...
Gordhan not resigning Cabinet post
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
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...
Denel unwanted asset sale realises R36 million
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...
Gordhan’s DPE again quizzed on SOEs including Denel
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
Ahead of Chief Justice Raymond Zondo expressing concern around Parliament not being able to prevent another round of State capture, Public Enterprises Minister Pravin...
Denel bailouts total R9 billion over four years
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 “buck” passed to Armscor by Public Enterprises
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...
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...
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...
Gordhan explains late submission of annual reports, including Denel’s
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...
Denel 2020/21 annual report MIA
Denel successfully weathered a liquidation attempt this week but still faces a myriad of problems – mostly financial – and has also not met...
Denel financial aid plans “afoot” – Gordhan
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...
Transnet IT security back on track
Public Enterprises Minister Pravin Gordhan has commended Transnet employees for their hard work to have managed to restore full operations at the ports after...
Gordhan – “regrettable” Denel employees not paid
An apology, if it can be termed that, was forthcoming to Denel employees from Public Enterprises Minister Pravin Gordhan during his budget vote speech...
Revamped South African Airways could be run independently, says Gordhan
South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm...
Public Enterprises Ministry on “new” SAA
The drama around SA Airways (SAA), the country’s embattled national carrier, is apparently not going to finish with recommendations of government appoint business rescue...
Gordhan optimistic about Denel
Public Enterprises minister Pravin Gordhan gave the nation an insider’s look at the effects of state capture when he presented his departmental budget to...
Johannesburg/Denel loan was legal and above board – Gordhan
Public Enterprises Minister Pravin Gordhan has refuted suggestions of impropriety suggestions by Johannesburg mayor Herman Mashaba saying the loan from South Africa's...
Denel clean-up underway, Gordhan tells Parliamentary committee
Denel is one of six government owned enterprises reporting directly to the Public Enterprises ministry where a clean-up is underway, according to...
Gordhan intervenes to stop Johannesburg mayor seeking Denel liquidation
Public Enterprises Minister Pravin Gordhan reportedly requested the indulgence of Johannesburg mayor Herman Mashaba not to liquidate Denel after it failed to...
Gordhan confirms new Denel board
Public Enterprises Minister Pravin Gordhan today confirmed the appointment of the new Denel board of directors, as part of his efforts to...
Gordhan will recapture and restore SOCs, including Denel
Delivering his budget vote address in Parliament, Public Enterprises Minister Pravin Gordhan set out an agenda for the "recapture and restoration" of...
Denel welcomes new board, looks forward to new growth trajectory
The interim board will provide oversight and help the Denel Group to find sustainable solutions to its current challenges.Denel executives welcome and look forward...
Denel welcomes new board, looks forward to new growth trajectory
Denel executives welcome and look forward to working with the new interim board, appointed by the minister of public enterprises, Pravin Gordhan, yesterday to...
New Denel board “cautiously welcomed”
"We weren't expecting a completely new board, but have to admit it's welcome," was the reaction of trade union Solidarity to the...
Gordhan appoints new Denel board
Public Enterprises Minister Pravin Gordhan today announced the appointment of a new board at state owned company Denel, and pledged to turn...
Denel sitting without a chairman
The State-owned defence and technology conglomerate Denel has been without a chairman since the start of March.
That was when reports surfaced that...
Solidarity takes its Denel problems to Gordhan as Brown goes
Lynne Brown this week resigned as a Member of Parliament, days after she lost her Cabinet position of Public Enterprises Minister in...
Denel board issues media statement
The Denel board has noted the media statements attributed to minister Pravin Gordhan, and wishes to categorically deny that the Denel board or its...
Denel board issues media statement
Denel executives have met with National Treasury officials twice, addressing the misunderstanding relating to the establishment of Denel Asia, the company says.The Denel board...
Denel denies Gordhan’s assertion that its board is arrogant and belligerent
The Denel board has denied that it or its executives are arrogant or belligerent, after comments by finance minister Pravin Ghordhan to...
No word from Denel on apparent dismissal of chief executive
Natasha Mazzone, the opposition Democratic Alliance (DA) party shadow public enterprises minister, maintains the dismissal of suspended Denel chief executive Riaz Saloojee...
ISS: Of downgrades and divisions: which way out for South Africa?
The months ahead will determine the future of the South African democracy project. If the country is downgraded to sub-investment grade status,...
South African deputy fin min had death threat before expose: paper
South Africa's deputy finance minister received a death threat shortly before accusing a wealthy family with links to President Jacob Zuma of...
South African police may take legal action against finance minister
South African police said on Tuesday finance minister Pravin Gordhan may face legal action for not cooperating with an investigation of surveillance...
South African finance minister cannot meet new deadline in spy unit...
South African Finance Minister Pravin Gordhan cannot meet a Monday deadline to respond to police questions on his role in setting up...
S.Africa’s Gordhan given deadline by police in spy unit case-report
South African Finance Minister Pravin Gordhan has been given until Monday to answer questions posed by a special police unit on his...
South African finance minister to miss police deadline in spy unit...
South Africa's finance minister will miss a Wednesday deadline set by police to answer questions on his role in the setting up...
Options for new SAAF maritime surveillance platforms
With approval, in principle at present from the National Treasury, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula's unhappiness about "her people" flying...
Defence budget “increase” just under producer price inflation rate
The amount of money made available to the Department of Defence (DoD) and its two major components – the SA National Defence...
Defence department gets more money from mid-term budget
The Department of Defence and Military Veterans has received an additional R400 million from Finance Minister Pravin Gordhan, who allocated the extra...
G20 push for IMF voting power deal by November
Group of 20 leaders pledged to push for agreement on greater voting power for emerging economic powers in the International Monetary Fund...
SA economy to resume growth in 2010, jobs a challenge
South Africa's economy is expected to grow by 2.3 % in 2010 after contracting 1.8 % last year, but unemployment remains a...
SA budget deficit at 7.3 pct of GDP in 2009/10
South Africa plans to maintain its spending commitments over the medium term to support the economy but will gradually cut its budget...
SA inflation target to stay, no rand pegging
South Africa's central bank will continue to target inflation at between 3 and 6 percent although debate on monetary policy is constructive...
