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Denel CFO placed on special leave

By: Creamer Media Reporter      18th June 2018 Denel CFO Odwa Mhlwana has been placed on special leave pending a disciplinary process into allegations of misconduct against him. Denel on Monday said its board has taken this step for the purposes of creating a conducive environment that will allow for the start of a verification process in... 

Union wants answers as gaps left by SAX grounding are plugged

By: Rebecca Campbell     15th June 2018 South African Airways (SAA) has created an extended flight schedule to replace the capacity lost with the grounding of the SA Express airline by the South African Civil Aviation Authority (CAA). (This grounding was because of “severe cases of non-compliance that pose serious safety risks” found... 

Denel welcomes debt extension

By: Simone Liedtke     11th June 2018 State-owned Denel has been granted an extension to repay its unsecured debt that was due on June 10. The extension is on a R290-million debt note that was taken up by Regiments Capital in June 2013, and a R400-million debt note in November 2015 and is “a welcome relief to the company as it... 

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Indaba will create intra-Africa trade opportunities

By: Jessica Oosthuizen     8th June 2018 With the 2018 Manufacturing Indaba’s focus being on the development of intra-Africa trade, event organiser Siyenza Management MD Liz Hart says the event will bring key stakeholders together to create opportunities for engagement and dialogue. She tells Engineering News that Africa has many of... 

Good corporate citizenship in a post-State-capture South Africa

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Denel Aeronautics acting CEO was in charge at SA Express when irregular contract signed – union

By: Rebecca Campbell     30th May 2018 Trade union Solidarity claimed on Wednesday that the reported fuel purchase contract, which failed to follow prescribed tender procedures, placed by State-owned airline SA Express with a little known company, EML Energy, had been placed while Victor Xaba had been acting CEO of the airline. Xaba... 

Govt, business welcome S&P’s ratings decision

By: Marleny Arnoldi     28th May 2018 Government and business leaders have expressed relief at ratings agency Standard & Poor’s (S&P’s) decision on Friday night to not further downgrade South Africa’s investment grade rating, but rather affirm long-term foreign and local currency debt ratings at ‘BB’ and ‘BB+’ respectively. According... 

Lost in space?

By: Rebecca Campbell     25th May 2018 Analysts say that the planet Earth’s rapidly-growing space economy could hit $600-billion by 2030 and $1-trillion by 2040. Clearly, the space economy, worth some $350-billion today, is growing rapidly.  

Denel CEO resigns with immediate effect

By: Rebecca Campbell     25th May 2018 State-owned defence industrial group Denel announced on May 15 that its Group CEO, Zwelakhe Ntshepe, had resigned. The resignation was with effect from that same day. He had been appointed Group CEO only six months ago, following two years in which he had been acting in that capacity. Ntshepe had... 

Eskom business-model review aimed at lowering utility’s risk to fiscus

By: Terence Creamer     24th May 2018 Public Enterprises Minister Pravin Gordhan has confirmed that the business model of power utility Eskom is up for discussion as government seeks to reduce the fiscal risk currently posed by utility and to reposition the State-owned enterprise (SoE) for future sustainability. On his eighty-sixth... 

Gordhan appoints new Denel, Transnet, SA Express boards; Hadebe appointed Eskom CEO

By: Anine Kilian     24th May 2018 Public Enterprises Minister Pravin Gordhan has appointed Phakamani Hadebe as Eskom CEO. Hadebe has been acting CEO of the power utility since January. 

Half of Ramaphosa’s SoE council to be made up of people from outside of government

By: Terence Creamer     23rd May 2018 President Cyril Ramaphosa has announced that the composition of the Presidential State-owned Enterprise (SoE) Council, whose establishment has been approved by Cabinet, will be split between Ministers, as well as business people, experts and stakeholders. Speaking in Parliament during the debate... 

Denel's rescue plan must be fast-tracked – Minister

By: African News Agency      18th May 2018 A rescue plan for South Africa's state-owned arms manufacturer Denel needed to be sped up so it did not negatively affect the capability of the army, Defence Minister Nosiviwe Mapisa-Nqakula said on Friday. Speaking after delivering her department's budget vote, Mapisa-Nqakula said the... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Union welcomes departure of Denel Group CEO

By: Rebecca Campbell     15th May 2018 The Solidarity trade union on Tuesday welcomed the resignation of Denel Group CEO Zwelakhe Ntshepe that same day. It also expressed its support for recently appointed board chairperson (Ms) Monhla Hlahla, complimenting her for the changes she has already made at the State-owned defence industrial... 

Denel Group CEO resigns

By: Rebecca Campbell     15th May 2018 State-owned defence industrial group Denel announced on Tuesday that its Group CEO, Zwelakhe Ntshepe, had resigned. The resignation was also with effect from Tuesday. He had been appointed Group CEO only six months ago, following two years in which he had been acting in that capacity. Ntshepe... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Fighting chance

By: Terence Creamer     27th April 2018 The new, credible boards appointed at South Africa’s largest and most troubled State-owned companies (SoCs) – Denel, Eskom, Passenger Rail Agency of South Africa and South African Airways – must be given every opportunity to succeed. If they fail, the consequences for the country’s fiscal... 

Cape institution uses space to train students and benefit country at same time

By: Rebecca Campbell     20th April 2018 Engineers and researchers at the French South African Institute of Technology at the Cape Peninsula University of Technology (CPUT) are in an advanced stage of developing the institution’s second nanosatellite, designated ZACube-2. “CPUT has used CubeSat programmes to encourage students to train... 

New Denel board faces tough turnaround task as financial pressure mounts

By: Rebecca Campbell     20th April 2018 Public Enterprises Minister Pravin Gordhan recently announced the completely new, high-powered, Board to turn-around beleaguered State-owned defence industrial group Denel. Technically, it is currently an interim Board, he explained, because it had not yet been approved by the Cabinet. He... 

Solidarity alleges mismanagement of funds at Denel

By: Simone Liedtke     19th April 2018 Trade union Solidarity on Thursday alleged in a report titled ‘Denel Dossier’ that State-owned aerospace and defence group Denel’s top management received increases of up to 60% in their salaries, as well as 100% performance bonuses last year, while there were insufficient funds to pay employees... 

Security drones taking off, but SA restrictions limit adoption

By: Dylan Slater     13th April 2018 Drones, otherwise known as remotely piloted aircraft systems, continue to gain a foothold in an increasing number of industries, with adoption rates in the safety and security industry growing worldwide. In fact, safety and security drone sales totalled $145-million in 2016, according to a market... 

Security drones taking off, but SA restrictions limit adoption

By: Dylan Slater     13th April 2018 Drones, otherwise known as remotely piloted aircraft systems, continue to gain footholds in an increasing number of industries, with adoption rates in safety and security industry growing worldwide. In fact, safety and security drone sales totalled $145-million in 2016, according to a market... 

New interim Denel board appointed 

12th April 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about the appointment of a new interim board of directors at State-owned Denel and how this might help turn things around at the embattled group. 

Earth observation satellite programme still not fully funded

By: Rebecca Campbell     30th March 2018 South Africa's current Earth observation satellite programme, presently known as EO-Sat1, is still not fully funded, South African National Space Agency (Sansa) Executive Director: Space Programme Amal Khatri told "Engineering News". He was speaking on the sidelines of the recent Sansa Space for... 

SCA dismisses Gigaba's appeal against Oppenheimers' VIP terminal 

By: News24Wire      28th March 2018 Home Affairs Minister Malusi Gigaba's bid to overturn his own decision to let Fireblade Aviation Oppenheimer operate a private VIP terminal at OR Tambo International Airport was dismissed by the Supreme Court of Appeal in Bloemfontein on Wednesday. "The minister cannot rely on his own unlawful... 

Burger resigns as CEO of Denel Land Systems

By: Creamer Media Reporter      27th March 2018 Stephan Burger has resigned as CEO of Denel Land Systems (DLS). Burger, who is one of the longest-serving members of the Denel group, was appointed CEO of DLS in 2004. 

Local satellite programme needs funding boost

By: Rebecca Campbell     14th March 2018 South Africa's current Earth observation satellite programme, presently known as EO-Sat1, is still not fully funded, South African National Space Agency (Sansa) executive director for the space programme, Amal Khatri, told Engineering News Online. He was speaking on the sidelines of the Sansa... 

Gigaba distances himself from Gupta deals

By: African News Agency      13th March 2018 Embattled Home Affairs Minister Malusi Gigaba on Tuesday distanced himself from business dealings between the Gupta family and State-owned enterprises during the four years he held down the public enterprises portfolio, and insisted he granted them no help in obtaining South African citizenship.... 

Exciting prospects for national space agency

By: Rebecca Campbell     12th March 2018 The South African National Space Agency (Sansa) has a number of exciting opportunities for the next few years, CEO Dr Val Munsami told Engineering News Online on Monday. These include collaborations with other countries in Africa as well as with major global space agencies. Some of the proposed... 

Gordhan calls for visible govt action to restore trust in SA Inc 

By: News24Wire      7th March 2018 Since December the future of South Africa has been more certain and optimistic, Minister of Public Enterprises Pravin Gordhan said on Wednesday, adding that the government needs to be seen taking visible action to restore trust in SA Inc. He was the opening speaker at a seminar on the theme “The... 

Executive aviation terminal at OR Tambo airport now handling international flights

By: Rebecca Campbell     2nd March 2018 The Fireblade Aviation Fixed-Base Operations (FBO) terminal at Johannesburg’s OR Tambo International Airport handled its first international flight last week, the company reported on Tuesday. A FBO is a private air terminal, to cater for VIP and VVIP passengers, flying into, out of and within a... 

Reality bites

By: Terence Creamer     2nd March 2018 Necessity, it is said, is the mother of invention. However, in the case of South Africa’s embattled State-owned companies (SOCs), necessity is undoubtedly also the mother of pragmatism. In his response to the debate on his State of the Nation Address, President Cyril Ramaphosa struck a pragmatic... 

Union threatens protest action at defence group Denel 

By: Rebecca Campbell     23rd February 2018 Trade union Solidarity warned on Friday that its members at State-owned defence industrial group Denel were ready to start protesting at the company. This follows the response by Public Enterprises Minister Lynne Brown to a recent urgent letter to her from Solidarity about, in the union’s words,... 

SA’s defence industry has potential to grow global market share 

By: Donald Makhafola     23rd February 2018 Owing to its international competitiveness and high levels of innovation, the local defence industry has a global reach and an increasing export market despite the low national defence budget, says global defence and security company Saab Grintek Defence president and CEO Trevor Raman. "The... 

Denel looks for new market in Africa

By: Donald Makhafola     23rd February 2018 State-owned aerospace and defence technology company Denel is looking to grow its export market by exploring other areas of specialisation, innovation, customisation and cyberspace. 

Land and asset sales on cards as government seeks revenue-neutral support for State firms

By: Terence Creamer     21st February 2018 Finance Minister Malusi Gigaba used his maiden Budget to reinforce President Cyril Ramaphosa’s recent announcement that stakes in cash-strapped State-owned companies (SoCs) could be sold to reduce their reliance on bail-outs and debt. Ramaphosa made the announcement in his response to the debate... 

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