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Solidarity files application against Denel over salaries

25 June 2020, 8:46 AM

Trade union Solidarity has filed an application at the Labour Court against failure of state arms manufacturer Denel to pay workers’ salaries in full.

Armscor considering cancelling Denel contract for procurement of SANDF vehicles

29 May 2020, 2:07 PM

Weapons acquisition company Armscor says it is weighing the possibility of cancelling its contract with Denel to procure Badger infantry fighting vehicles for the SANDF.

Arms firm Denel to produce ventilators in coronavirus fight

6 April 2020, 8:20 PM

South Africa’s Denel will design and develop medical ventilators in partnership with other state-owned entities, research bodies and medical technology companies to help treat coronavirus patients, the state arms and technology company said on Sunday.

Denel’s turnaround plan set to restore company sustainability

5 October 2019, 6:51 AM

Arms manufacturer Denel says the turnaround plan its Board has introduced remains at the core of its strategy to return the company to sustainability.

Denel reports R1.9 billion loss

4 October 2019, 12:01 PM

Struggling state-owned defence company, Denel, has reported an operating loss of R1.9 billion for the year to March 31, it said on Friday.

Denel confirms receiving R100 milion from Chad Republic

23 September 2019, 12:46 PM

State arms company Denel has confirmed receiving a R100-million deposit from the Republic of Chad for the purchase of 40 military Casspirs – vehicles used for the transport of troops – but never delivered on the contract.

Denel to exit some businesses within months

6 September 2019, 6:47 PM

South Africa’s struggling state-owned defence company Denel aims to begin disposing of equity stakes and exiting loss-making businesses within months as part of its turnaround strategy, it told a parliamentary committee.

Cash-strapped arms maker Denel eyes $2 bln in export deals

5 September 2019, 12:53 PM

South Africa’s Denel could see some R30 billion ($1.97 billion) in deals over the next two years which should help it recover after struggling to pay salaries and relying on bailouts, the state arms firm said on Thursday.

DENEL bailout unsustainable: DA

31 August 2019, 11:23 AM

The Democratic Alliance has described the National Treasury’s granting of a R1.8 billion bailout to embattled arms company, DENEL, as unsustainable.

DENEL granted R1.8 billion bailout from Treasury

31 August 2019, 7:08 AM

Treasury has granted embattled arms company, DENEL, a R1.8 billion bailout. DENEL says in a statement that government’s decision to recapitalise the firm will help create a sustainable asset for South Africa.

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