Former Denel CEO, Riaz Salooje says he first met with two of the Gupta brothers and then Public enterprise minister Malusi Gigaba in 2012 at the family’s Saxonwold residence for a meeting.
The Commission of Inquiry into State Capture will continue its hearings in Parktown, Johannesburg, on Tuesday morning, with testimony from former chairperson of the board of arms manufacturer Denel, Marties van Rensburg.
The Commission of Inquiry into State Capture has heard that when former Public Enterprises Minister Lynne Brown took over Denel in 2014, the arms manufacturer’s performance was impressive and she even complimented staff for a commendable job.
The Black Management Forum says it has written a letter to Public Enterprises Minister Pravin Gordhan to establish whether there was no black person who could have filled the position of group chief executive of arms manufacturer Denel.
South Africa appointed a new Chief Executive Officer to state-run arms firm Denel on Thursday, as government tries to turn around the cash-strapped company plagued by years of mismanagement after the previous CEO resigned in May.
The City of Johannesburg says state-owned arms manufacturer, Denel, has paid back a R290 million loan which it had received through questionable means.
State-owned arms manufacturer Denel says it needs a financial injection of about R1.5-billion for its operational projects and new programmes.
South Africa’s defence industry is facing a crisis as the state-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it.
South African state-owned weapons manufacturer, Denel, has fired its chief financial officer, Odwa Mhlwana, after he was found guilty of all disciplinary charges relating to irregular expenditure, the firm said on Friday.
The Department of Public Enterprises and the management of Denel have two weeks to respond to a memorandum of demand the National Union of Metalworkers of South Africa (Numsa) submitted to them on Friday.