https://www.engineeringnews.co.za
Defence|Denel|Financial|Services
Defence|Denel|Financial|Services
defence|denel|financial|services

Union demands Denel take action against those responsible for irregularities

28th June 2019

By: Rebecca Campbell

Creamer Media Senior Deputy Editor

     

Font size: - +

Trade union Solidarity announced on Friday that it had served a demand on Denel to institute legal proceedings against people who caused, or who contributed to, the financial straits the State-owned defence group is currently in. The demand was served in terms of Section 165 of the Companies Act.

In the opinion of Solidarity Legal Services head Anton van der Bijl, Section 165 allows the union to demand that the company investigate irregularities and initiate legal action within 60 days of the demand being served on Denel. Solidarity had previously, in April last year, presented a file on irregularities at the group. According to the union, this resulted in the firing of a number of people at the company.

“If the alleged irregularities are not investigated, and/or if no legal action is taken because of proven irregularities, we may take legal action against the responsible persons in Denel’s stead,” he affirmed. “The time has come to hold people accountable for their wrongdoing and to bring them to book.”

Solidarity general secretary Johan Botha pointed out that recent comments by Public Enterprises Minister Pravin Gordhan and Denel CEO, Danie du Toit, regarding State capture at Denel and its consequences, established “compelling reason[s]” to initiate its action. The union expressed the view that the situation was unique because government officials working at State-owned companies might, in future, be held directly responsible for malpractices at these companies.

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:5.99 6.055s - 159pq - 2rq
Subscribe Now