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State-owned defence group to pay trade union millions in salary arrears
17th September 2021 By: Rebecca Campbell

Trade union Solidarity announced on Friday that financially-embattled State-owned defence industrial group Denel had just paid it R4-million. The money is to cover the salary arrears of union... 


President Cyril Ramaphosa in a face mask as he prepares to answer questions during a hybrid sitting of Parliament on Friday
Ramaphosa hints at yet more reforms as he predicts ‘massive investment’ in wake of electricity amendment
3rd September 2021 By: Terence Creamer

President Cyril Ramaphosa has described a recently gazetted amendment to Schedule 2 of the Electricity Regulation Act, opening the way for sub-100 MW grid-tied embedded generators to supply one or... 


National Treasury director-general Dondo Mogajane
Mogajane warns of Budget cuts as expenditure pressures mount to some R105bn
25th August 2021 By: Terence Creamer

National Treasury director-general Dondo Mogajane is warning that major Budget cuts will be required to offset a range of expenditure pressures that had arisen as a result of recent government... 


Land Bank makes another loss, debt plan not yet finalised
24th August 2021 By: Reuters

South Africa's Land Bank made another loss in the year to the end of March and is yet to finalise a debt restructuring plan, the bank said on Tuesday. The state-owned agricultural bank, which... 


An image showing a sign at Denel's Lyttelton Campus
Repurposed Denel aims to mitigate drawbacks of turnaround plan
24th August 2021 By: Tasneem Bulbulia

Despite State-owned aerospace and military technology company Denel’s Turn Around Plan (TAP) having been approved in February 2019, the company said in a presentation to Parliament’s Standing... 


Regional insurgency, internal unrest highlights importance of a strong, well-resourced defence industry
19th August 2021 By: Schalk Burger

The role the South African National Defence Force (SANDF) has played and plays in ensuring the internal and external security of South Africa has again highlighted the importance and necessity of... 


An image of Denel's logo
Denel releases radical restructuring plan to make the business sustainable
11th August 2021 By: Rebecca Campbell

Financially-beleaguered State-owned defence industrial group Denel announced on Wednesday a radical reorganisation, in an attempt to turn the business around. The plan also implied a significant... 


Trade union disappointed that Labour Court case against Denel postponed again
26th July 2021 By: Rebecca Campbell

The Labour Court on Friday again postponed the case brought by trade union UASA against financially-embattled State-owned defence industrial group Denel. The case will now only be heard on December... 


Image of old train
PRASA New Rolling Stock Acquisition Programme, South Africa – update
9th July 2021 By: Sheila Barradas

Gibela is behind schedule in the delivery of the new trains to the Passenger Rail Agency of South Africa. 


Denel seeking to negotiate with Saab Grintek Defence over liquidation application
8th June 2021 By: Rebecca Campbell

Financially-embattled State-owned defence industrial group Denel issued, on Tuesday, a short statement regarding the threat of court action against it, aimed at forcing its liquidation. This action... 


Uasa reassures its members at Denel as group faces liquidation threat
7th June 2021 By: Rebecca Campbell

Trade union Uasa has assured its members who are employed by the State-owned defence industrial group Denel of its support for them, as the tale of the financially-beleaguered company took another... 


Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula
Defence Minister warns about crisis in local defence industry, especially Denel
4th June 2021 By: Rebecca Campbell

In her address to the National Assembly on Tuesday, introducing the debate for her 2021 budget vote, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula warned the assembled... 


NUM threatens legal action over nonpayment of Denel Land Systems employees' salaries
31st May 2021 By: Schalk Burger

Trade union the National Union of Mineworkers (NUM) says it strongly condemns the ongoing failure by State-owned defence equipment manufacturer Denel Land Systems to pay the salaries of workers. It... 


Union blasts government for paying Cubans while Denel employees aren’t paid
26th May 2021 By: Rebecca Campbell

The Uasa trade union has blasted the South African government for spending a significant sum of taxpayers’ money on employing Cuban ‘service providers’ over the last few years, instead of using it... 


Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula
Defence Minister warns Parliament about crisis in local defence industry, especially Denel
19th May 2021 By: Rebecca Campbell

In her address to the National Assembly on Tuesday, introducing the debate for her 2021 budget vote, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula warned the assembled... 


Trade unions call for wider government support for Denel turnaround plan
12th May 2021 By: Rebecca Campbell

Trade unions Uasa (which no longer uses its original full name) and the Federation of Unions of South Africa (Fedusa), to which Uasa is affiliated, have urged the Department of Public Enterprises... 


Denel explosion: Health and safety procedures at plant in spotlight
5th May 2021 By: News24Wire

Health and safety procedures at Rheinmetall Denel Munition (RDM) have been called into question during the second day of the public inquiry into the 2018 explosion that rocked the plant in Macassar... 


Denel explosion: First witness takes stand as public inquiry into blast that killed 8 kicks off
4th May 2021 By: News24Wire

More questions than answers have surfaced surrounding the 2018 blast at the Rheinmetall Denel munitions plant in Somerset West in the Western Cape, which killed eight people. The first day of the... 


Trade union attacks Denel plan to cut retrenchment benefits
22nd April 2021 By: Rebecca Campbell

Trade union Uasa has demanded that financially-embattled State-owned defence industrial group Denel reconsider the changes the company plans to make to its retrenchment policy. “Policy changes... 


UASA disappointed at Denel’s employee benefit amendment
19th April 2021 By: Donna Slater

Trade union UASA says it is “bitterly disappointed” by State-owned defence company Denel’s policy change proposals concerning the benefits paid out to employees under certain circumstances. UASA... 


New patrol vessel for Navy launched in Cape Town
9th April 2021 By: Rebecca Campbell

Damen Shipyards Cape Town (DSCT), a subsidiary of the Netherlands-based Damen International Shipyards Group, recently launched the first (of three) Multimission Inshore Patrol Vessels (MMIPVs) for... 


Slight improvements in SOE audits are no reason to celebrate, new AG Tsakani Maluleke warns
31st March 2021 By: News24Wire

Auditor General Tsakani Maluleke said while there were marginal improvements in the audit outcomes of national and provincial government departments as well as their entities, the improvement were... 


Science, innovation dept invests R18.9m in nanosatellites
25th March 2021 By: Yvonne Silaule

The Department of Science and Innovation (DSI) has invested R18.9-million in the development of two nanosatellites that will  be used to improve maritime domain awareness in South Africa. The... 


Denel appoints Thandeka Sabela as acting CFO
24th March 2021 By: Reuters

South African state-owned defence company Denel has appointed Thandeka Sabela as acting CFO, the firm said on Tuesday. The firm's former CFO, Carmen le Grange, resigned earlier in March, extending... 


 SAA Technical management hoping to pay 50% of March salaries, leaked letter shows
SAA Technical management hoping to pay 50% of March salaries, leaked letter shows
19th March 2021 By: News24Wire

Management at SAA Technical is continuing with efforts to try to pay employees at least 50% of their salaries due for March, but at this stage, is still waiting for details of "anticipated funding"... 


Plan emerges for renewal of South Africa’s crucial space infrastructure
Plan emerges for renewal of South Africa’s crucial space infrastructure
19th March 2021 By: Rebecca Campbell

Almost unnoticed by most people on Earth, space technology and infrastructure has become essential for, and ubiquitous in, everyday life. It has become a major facilitator for national economic... 


Plan emerges for renewal of South Africa’s crucial space infrastructure
Plan emerges for renewal of South Africa’s crucial space infrastructure
19th March 2021 By: Rebecca Campbell

Almost unnoticed by most people on Earth, space technology and infrastructure has become essential for, and ubiquitous in, everyday life. It has become a major facilitator for national economic... 


We will get State-owned entities back into shape eventually, insists DPE
17th March 2021 By: News24Wire

Deputy Minister of Public Enterprises Phumulo Masualle told Parliament on Tuesday afternoon that despite ongoing troubles at state-owned entities (SOEs) and delays in already announced plans to get... 


Denel braces for more losses, denies 'trading recklessly'
10th March 2021 By: Reuters

South Africa's State weapons manufacturer Denel expects to make further losses in its current financial year, it said in a presentation on Wednesday as its acting chair denied the company was... 


SA rocket launches almost 18 km into the air – setting a new African record
10th March 2021 By: News24Wire

A hybrid sounding rocket developed by the University of KwaZulu-Natal (UKZN) has set a new altitude record by reaching 17.9 km into the earth’s atmosphere at twice the speed of sound. The launch,... 


Denel allowed another extension to try and comply with Court order
9th March 2021 By: Rebecca Campbell

Financially-beleaguered State-owned defence industrial group Denel has been granted yet another time extension to try and achieve compliance with the Labour Court order of August 4 last year, the... 


Solidarity obtains warrant to seize nearly R13m of assets from Denel
4th March 2021 By: Marleny Arnoldi

Trade union Solidarity has obtained a warrant of execution to seize R12.7-million worth of assets from State-owned defence group Denel. The union explained in a statement on March 4 that this... 


Denel board exits linked to lack of budget funds, official says
3rd March 2021 By: Reuters

A series of recent resignations from the board of directors of South Africa's state-owned defence company Denel is linked to funding not being made available in the government's 2021 budget, a... 


Denel finance chief quits
2nd March 2021 By: News24Wire

South African State-owned defence company Denel said on Monday that CFO Carmen le Grange had resigned, extending a recent string of resignations that have deepened a crisis at the struggling firm.... 


Denel says two more board members resign
26th February 2021 By: Reuters

State-owned defence company Denel said on Thursday that two board members, including chairwoman Monhla Hlahla, had resigned, days after it said several other board members had resigned. "The... 


R7bn allocated for Land Bank recapitalisation
R7bn allocated for Land Bank recapitalisation
24th February 2021 By: Tasneem Bulbulia

The Land and Agricultural Development Bank of South Africa (Land Bank), which defaulted on its debt obligations on April 1, 2020, and is renegotiating it repayment terms, will receive R7-billion in... 


Denel announces exit of several board members and of the interim Group CEO
22nd February 2021 By: Rebecca Campbell

On Monday, embattled State-owned defence industrial group Denel reported, via the Johannesburg Stock Exchange’s SENS news service, that it had suffered a string of resignations from its board of... 


Denel is in a deep crisis, parliamentary committee told
19th February 2021 By: Rebecca Campbell

Parliament’s Select Committee on Public Enterprises and Communication has been briefed by Public Enterprises Deputy Minister Phumulo Masualle and Denel acting CEO Talib Sadik about the State-owned... 


Union blasts Denel directors after worker suicides: still no game plan for recovery
18th February 2021 By: Rebecca Campbell

Trade union Uasa has reacted strongly to two reported suicides by Denel workers earlier this week. The union described the news as “distressing and heart-wrenching”. It accused the State-owned... 


Defence industrial group increasing focus on exports
12th February 2021 By: Rebecca Campbell

During the 2019/2020 financial year, exports accounted for 42% of State-owned defence industrial group Denel’s business, with Asia being the single biggest export market, taking 24%. Perhaps... 


Denel finally publishes 2019/20 annual report
12th February 2021 By: Rebecca Campbell

South African State-owned defence industrial group Denel released its 2019/20 annual report on February 1. The period covered by the report did not include the very difficult months for the group... 


Lack of liquidity, exacerbated by Covid-19, caused Denel’s failure to properly pay workers
1st February 2021 By: Rebecca Campbell

In his statement within the State-owned defence industrial group Denel’s 2019/2020 annual report, interim CEO Talib Sadik addressed the failure of the company to fully pay the salaries of its... 


Denel increasing its focus on exports
1st February 2021 By: Rebecca Campbell

During the 2019/2020 financial year, exports accounted for 42% of Denel’s business, with Asia being the single biggest export market, taking 24% of the South African State-owned defence industrial... 


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