Tag: talib sadik
Denel board members quit as new interim CEO announced
Four directors at Denel have resigned since the 21 January Annual General Meeting, while interim Group CEO Talib Sadik has resigned as the director...
Denel at risk of collapse as money runs out
Denel is technically insolvent amid worsening short-term liquidity and could run out of cash by March, bringing it to the brink of collapse.
National Treasury’s...
Denel explains R1.9 billion loss in latest annual report
Denel’s R1.962 billion loss for the 2019/20 financial year ending March was driven by liquidity constraints, poor programme execution, and delayed sales, the state-owned...
Denel can be repositioned – Sadik
Denel Group acting CEO Talib Sadik told a parliamentary committee today that the loss-making state-owned company can turn itself around and restore its reputation...
Interim Denel CEO is fourth top man in nine years
Since he left Denel nine years ago the State-owned defence and technology conglomerate faced tough times and has seen three chief executives come and...
Denel not planning to seek further bailouts
State defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch aggravated by the coronavirus crisis, its interim...
Former chief executive now interim at Denel
Former Denel chief executive Talib Sadik will “care-take” the State-owned defence and security conglomerate until a new chief executive is named.
Denel on Monday announced...
Denel profit
Denel's posting a profit, although small, a second year running is most welcome – the more so as it derives from sales,...
Denel annual results Thursday
State arsenal Denel will announce its financial results for the year to March 31, 2012 on Thursday.
Last year, the state enterprise...
Salojee new Denel chief
State arsenal Denel has appointed Riaz Saloojee as new group CE. Public Enterprises Minister Malusi Gigaba made the announcement this morning. He...
Rheinmetall Denel Munitions posts profit
Rheinmetall Denel Munitions (RDM) has posted a profit of R89 million before interest and tax, with R53 million cash on hand and...
