Denel's liquidity woes dampen positive financials

2016-08-24 06:12

State-owned enterprise Denel has posted positive results overall, but the defence technology company still needs to deal with liquidity hurdles.

Brown dodges Gupta query

2016-06-09 14:37

Public Enterprises Minister Lynne Brown is neither confirming nor denying if she, or her deputy minister, has met with members or business associates of the Gupta family.

Denel defends suspensions, insists VR Laser jv above board

2016-05-11 15:03

Denel has defended its decision to suspend three high-ranking officials and insisted there was nothing untoward with the joint venture it entered into with Gupta-linked VR Laser.

VR Laser, Denel go back 15 years - Brown

2016-04-26 17:04

VR Laser, the company with which Denel entered into a joint venture, has been doing business with the state-owned firm for the past 15 years, says Minister Lynne Brown.

Nothing wrong in working with legal businesses, even with the Guptas – Denel

2016-04-23 11:44

There is nothing wrong in working with any registered, legally trading business in South Africa, whether it's with the Guptas or others, the Denel board of directors say.

Denel fires suspended CEO, Gupta links questioned

2016-04-18 07:43

Denel has fired its suspended CEO Riaz Saloojee without being found guilty of any misconduct, Netwerk24/Rapport has revealed.

Denel deal with Gupta firm not yet approved

2016-04-13 19:18

The Treasury is still considering an application by Denel to do business with a company owned by the Gupta family.

Denel grilled over Gupta-linked joint venture

2016-02-17 12:56

Denel’s top management insists that no law was broken and that all its decisions on the Gupta-linked VR Laser deal took place within the Public Finance Management Act.

Guptas score in new Denel deal - report

2016-02-05 10:14

A day after EFF leader Julius Malema dragged the controversial Gupta family into the headlines, a new report claims that they’ve teamed up with state-owned arms company Denel.

R700m buy could be behind Denel suspensions

2015-09-28 12:49

Cash flow problems after a recent acquisition are rumoured to be a possible reason for the suspension of three top managers at SA weapons manufacturer Denel.


Denel denies Gupta state capture claims by minority shareholder

2016-07-15 07:53

The Gupta name and the words “state capture” are back. This time, it’s one of Denel’s minority shareholders who claims its parent company is moving all its eggs to the Gupta basket.

VR Laser scored R238.6m from Denel's steel deal

2016-05-12 18:25

The subcontract Denel awarded to VR Laser for cutting steel for the army’s new combat vehicles amounted to R238.6m, says Public Enterprises Minister Lynne Brown.

Denel tells Gordhan: We are not arrogant and belligerent

2016-05-05 15:30

Denel’s board has said Finance Minister Pravin Gordhan’s accusation that the board and executives are “arrogant and belligerent … are unsubstantiated, baseless and unfounded”.

Denel Asia's problems mount

2016-04-25 18:14

The problems of Denel Asia, a partnership with Duduzane Zuma and Rajesh Gupta's VR Laser, are mounting after it emerged that it failed to apply for an arms control permit.

Brown in the dark on why Denel wastes millions to axe CEO

2016-04-19 13:16

Denel's fired CEO is expected to challenge his dismissal, while the board is yet to inform its minister why it will spend R3.4m to cut ties with its CEO, reports claim.

Govt confirms joint military co-operation with Saudi Arabia

2016-04-15 11:05

The Presidency has confirmed that South Africa is in a military co-operation with Saudi Arabia after President Jacob Zuma was photographed touring a facility in which Denel has a 49% stake.

Minister reveals why Denel suspended execs

2016-04-06 13:26

The investigation into the conduct of three top suspended Denel officials should be concluded by the end of June, says Public Enterprises Minister Lynne Brown.

Door still open to controversial Denel Gupta deal

2016-02-16 15:25

The office of Public Enterprises Minister Lynne Brown has left the door open to Denel’s controversial deal with Gupta-linked VR Laser.

Denel exhausts cash reserves, can’t pay suppliers

2015-10-04 19:00

State-owned arms manufacturer Denel, until recently the poster child for well-run state companies, can’t pay its suppliers after apparently exhausting its cash reserves on an ill-advised acquisition.

EXCLUSIVE: Denel CEO put on special leave pending probe

2015-09-25 14:30

State-owned defence manufacturer Denel has placed three senior executives on special leave pending an investigation.

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