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Finance Minister Tito Mboweni
Mboweni questions need to hold onto State assets
25th March 2019 By: Bloomberg

Finance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Mboweni has... 


Denel seeking contingency funding as it outlines turnaround strategy
22nd March 2019 By: Rebecca Campbell

State-owned South African defence industrial group Denel is preparing an application for funding from the R13-billion contingency reserve announced by Finance Minister Tito Mboweni in his 2019/2020... 


One of Denel’s signature products, the 6x6 G6 155 mm self-propelled gun, on display at the group’s head office
Denel aiming to access contingency fund, confident about future despite ratings cut
6th March 2019 By: Rebecca Campbell

State-owned South African defence industrial group Denel is preparing an application for funding from the R13-billion contingency reserve announced by Finance Minister Tito Mboweni in his 2019/20... 


Finance Minister Tito Mboweni
There is no 'endless supply of cash' Mboweni tells Parliament
21st February 2019 By: News24Wire

Finance Minister Tito Mboweni told MPs on Thursday there is "no endless supply of cash" in government, and the state has no printing press to magic new funds.  Following on from his maiden Budget... 


Govt revises contingency reserve to support cash-strapped SoEs
Govt revises contingency reserve to support cash-strapped SoEs
20th February 2019 By: Simone Liedtke

With State-owned entities (SOEs) posing very serious risks to the fiscal framework, Finance Minister Tito Mboweni on Wednesday said that National Treasury was “taking very serious steps to fix the... 


Defence group Denel to seek investment partners – CEO
19th February 2019 By: Reuters

State-owned defence group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. The company has also... 


Denel explores new growth opportunities in the Middle East, North Africa
18th February 2019 By: African News Agency

State arms company Denel said on Monday it was attending a major global defence exhibition in Abu Dhabi this week to explore new growth opportunities for business in the Middle East and North... 


Denel urges govt to use, support its new cybersecurity unit
8th February 2019 By: Rebecca Campbell

State-owned defence industrial group Denel has urged the Government to support the development of and make use of the capabilities of the group’s recently established division, Denel Sovereign... 


Denel launches cybersecurity division; urges government to use it
30th January 2019 By: Rebecca Campbell

State-owned defence industrial group Denel has urged the government to support the development of and make use of the capabilities of the group’s recently established division, Denel Sovereign... 


BMF demands a black CEO for Absa
BMF demands a black CEO for Absa
29th January 2019 By: African News Agency

The Black Management Forum (BMF) on Tuesday demanded that Absa Bank replace the outgoing chief executive Maria Ramos with a black executive. This comes after Absa announced that Ramos will retire... 


Indian Prime Minister Narendra Modi, Indian president Ram Nath Kovind, President Cyril Ramaphosa
Ramaphosa gets a global Madiba moment, while SA ponders Denel's next step
28th January 2019 By: News24Wire

President Cyril Ramaphosa has finished off his first official state visit to India on a good note, celebrating and inviting "real, ethically driven" Indian businesses to invest more in South... 


Ramaphosa's first state visit to India: Denel deal in sight after lifting blacklist over corruption claims
25th January 2019 By: News24Wire

South African President Cyril Ramaphosa will be hosted by India's Prime Minister Narendra Modi on his first official state visit to the country on Friday. According to a media statement from the... 


South Africa says there is no Saudi proposal on Denel under consideration
South Africa says there is no Saudi proposal on Denel under consideration
22nd January 2019 By: Reuters

The South African government is not considering any proposal from Saudi Arabia on taking a stake in struggling state arms company Denel, Public Enterprises Minister Pravin Gordhan said, after the... 


Denel Asia closing down, says Public Enterprises portfolio committee
Denel Asia closing down, says Public Enterprises portfolio committee
6th December 2018 By: Marleny Arnoldi

State-owned arms maker Denel is in the process of closing down the controversial Denel Asia joint venture, the company informed the Portfolio Committee on Public Enterprises on Wednesday. The... 


Denel confirms it cancelled pilot bursary for Mahumapelo Jr
5th December 2018 By: African News Agency

Denel confirmed to MPs on Wednesday it had terminated a R1.1-million bursary agreement with Supra Mahumapelo Jr, the son of the former North West premier. Briefing Parliament's portfolio committee... 


Denel needs partners soon to survive – Wakeford
29th November 2018 By: Reuters

South Africa's defence industry is facing a crisis as the State-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it, one of the... 


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First Cut supplies processing solutions, which comprise its latest-generation fribelaser solutions that cut sheet steel
Stimulus plan, more efficient processing to promote steel construction growth
23rd November 2018 By: Simone Liedtke

With the new stimulus plan announced under President Cyril Ramaphosa’s leadership, South Africa’s economy is poised for an upturn, which will inevitably promote growth in the steel construction... 


Solid relations between India and South Africa good for bilateral trade and investment
23rd November 2018 By: Rebecca Campbell

South Africa and Indian already have a solid framework for strong relations, not least in the areas of trade and investment, Indian High Commissioner to South Africa (Ms) Ruchira Kamboj tells... 


Audit outcomes of State-owned entities continue to regress
22nd November 2018 By: Kim Cloete

The audit outcomes of State-owned entities (SOEs) have regressed over the past financial year compared with both the previous year and 2014/15. The 2017/18 general report for the Auditor-General... 


Khashoggi killing complicates Saudi rescue bid for Denel
20th November 2018 By: Reuters

Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential saviour is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal... 


Building bridges to future
Building bridges to future
16th November 2018 By: Terence Creamer

By circumstance rather than design, the end states of several of South Africa’s largest – and most troubled – State-owned companies (SoCs) are becoming increasingly discernible. National carrier... 


Strong relationship bodes well for boosting India/South Africa trade and investment
13th November 2018 By: Rebecca Campbell

South Africa and India already have a solid framework for strong relations, not least in the areas of trade and investment, Indian High Commissioner to South Africa (Ms) Ruchira Kamboj tells... 


Numsa demands bailout for Denel
Numsa demands bailout for Denel
9th November 2018 By: Reuters

South Africa's government must urgently inject at least R7-billion into struggling State-owned defence group Denel, the National Union of Metalworkers of South Africa (Numsa) said on Friday. Denel... 


Saudi Arabia makes $1bn bid for partnership with South African defence group Denel
Saudi Arabia makes $1bn bid for partnership with South African defence group Denel
8th November 2018 By: Reuters

Saudi Arabia has made a $1-billion bid for a broad partnership with South African State-owned defence group Denel that would include the acquisition of a minority stake in a joint venture with... 


Zuma to Gordhan: 'Can we do what Dudu wants?'
8th November 2018 By: News24Wire

Former president Jacob Zuma called Pravin Gordhan, then finance minister, in 2015 to try and convince him to agree to an enormously expensive deal with airplane manufacturer Airbus because his... 


Johannesburg mayor Mashaba denounces Gordhan explanation on Denel loan
23rd October 2018 By: African News Agency

Johannesburg mayor Herman Mashaba has accused Public Enterprises Minister Pravin Gordhan of being "economical with the truth" in explaining how state owned arms firm Denel received a R290-million... 


Denel fails to pay senior staff in reform setback
1st October 2018 By: Reuters

South African State-owned arms manufacturer Denel did not pay senior staff their salaries in full this month, the company said, in a setback for President Cyril Ramaphosa's drive to turnaround... 


Denel acting CEO Zwelakhe Ntshepe
Denel heads to court to dispel doubts over legality of Denel Asia JV
24th March 2017 By: Natasha Odendaal

Denel has taken to the High Court of South Africa in Gauteng to clear up doubts over the legal standing of Denel Asia, a joint venture (JV) with VR Laser Asia. The State-owned defence group on... 


Public Enterprises Minister Lynne Brown
Door still open to controversial Denel Gupta deal
16th February 2016 By: News24Wire

A joint venture with Denel which has attracted controversy because of its links to the influential Gupta family is not yet a done deal, the Department of Public Enterprises said on Tuesday. “There... 


Denel’s order book standing at R33bn
Denel’s order book standing at R33bn
15th May 2015 By: RDM News Wire

Defence manufacturer Denel’s order book is standing at over R33-billion‚ with over 50 percent of its profits being derived from its international business. This was disclosed by public enterprises... 


Not-for-profit body, Unilever in Africawide initiative to develop women engineers
4th October 2013 By: Schalk Burger

Non-profit organisation South Africa Women in Engineering (SAWomEng) has partnered with consumer goods giant Unilever to help create engineering capacity across Africa, says SAWomEng co-founder and... 


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