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Tag Archives: Denel

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.

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