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Tag Archives: Denel

Denel not planning to seek further bailouts

27 August 2020, 5:03 PM

State defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch aggravated by the coronavirus crisis, its interim chief executive told Reuters on Thursday.

North West DA, EFF demand answers after sudden termination of Denel apprenticeship contract

21 August 2020, 1:09 PM

The Democratic Alliance (DA) and Economic Freedom Fighters (EFF) in the North West have lambasted the Premier’s Office for the sudden termination of a Denel contract, in which 39 young people were enrolled for a three-year apprenticeship in 2018.

Denel runs R1.7 billion annual loss, ministry says

19 August 2020, 9:45 PM

South Africa’s state defence firm Denel made a 1.7 billion rand ($99 million) loss in the 2019/20 financial year, the ministry that oversees the company said on Wednesday.

South Africa’s embattled state arms firm appoints interim CEO

17 August 2020, 5:03 PM

South Africa’s embattled state arms manufacturer Denel has appointed Talib Sadik as interim chief executive. Sadik currently serves on its board of directors.

Denel CEO resigns

20 July 2020, 4:26 PM

Embattled state state-owned defence firm Denel’s Group Chief Executive Officer, Danie du Toit , has resigned after less than two years at the helm.

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