R1m Denel bursary to Supra's son: Solidarity threatens action

2018-04-15 18:54

Solidarity has warned that it won’t hesitate to take action against any state owned enterprise squandering tax-payers money, following revelations that Denel paid a bursary of more than R1m to the son of North West premier Supra Mahumapelo.

To the rescue: Meet the new Denel board

2018-04-09 20:55

From former civil rights activists to experienced directors and even defence force veterans, Minister of Public Enterprises Pravin Gordhan dipped into a well of diverse experiences to put together a new interim Denel board.

#EskomInquiry: Gigaba defends board appointments

2018-03-15 17:47

Home Affairs Minister Malusi Gigaba told the Eskom inquiry that he had no crystal ball to tell which board members of SOEs would be caught up in allegations of state capture at the time their appointments were made.

Denel board next in line for reshuffle

2018-02-21 14:25

State arms manufacturer Denel’s board is the next state-owned company up for review, Finance Minister Malusi Gigaba has confirmed.

#GuptaLeaks: Meet the money launderers

2018-01-19 07:02

The Guptas used an international network of scrap metal dealers to launder hundreds of millions in kickbacks between China, India, UAE and SA. We introduce them.

Denel sells 12 Cheetah fighters to US as training jets

2017-12-13 11:55

State-owned arms manufacturer Denel will sell 12 SA-designed supersonic Cheetah fighter jets to US-based Draken International to be used as training jets.

Oppenheimers' private OR Tambo terminal 'ready to go live'

2017-11-02 15:22

Fireblade Aviation has said that while its private international terminal at OR Tambo is ready to start operations, a commencement date has not yet been set.

New CEO, CFO for Denel

2017-10-26 15:07

The Department of Public Enterprises has confirmed the appointments of a new CEO and CFO at Denel as well as new CEOs for SAFCOL and Alexkor.

Unprofitable SOEs have become a ‘substantial’ risk on fiscus

2017-10-25 14:59

South Africa’s unprofitable state-owned entities have become a fiscal risk for government, according to the 2017 mini budget .

Denel defends audit after criticism in Parliament

2017-10-04 22:15

State-owned arms manufacturer Denel has hit back at claims that it tabled an incorrect annual report despite being told that the initial audit opinion had been amended.


Hold wrongdoers at Denel accountable - OUTA

2018-04-10 05:15

OUTA has welcomed Minister of Public Enterprises Pravin Gordhan’s replacement of the Denel board and the promise to "follow the money".

Gordhan appoints new Denel interim board

2018-04-09 15:48

The minister of public enterprises has announced the appointment of a new interim board for Denel, with businesswoman Monhla Hlahla as its new chair.

SA shipbuilding firm nets massive maritime contract

2018-02-27 16:41

South African shipbuilding firm Damen Shipyards Cape Town has received an order from Armscor for the construction of three Inshore Patrol Vessels estimated at R5bn.

We have never not paid salaries - Denel CEO

2018-01-31 06:43

Denel CEO Zwelakhe Ntshepe said that the state defence manufacturer managed to pay its employees in December, but liquidity remains a problem.

Denel cans R80m tender after legal threat

2018-01-14 06:00

State-owned arms manufacturer Denel has allegedly cancelled an R80m tender that was issued under the auspices of a company that does not exist.

Zuma allegedly discussed sale of share in Denel to Qatar

2017-11-26 14:05

The government of Qatar has discussed the possibility of investing in South African state-owned arms manufacturer Denel, reports the Sunday Times.

Oppenheimers can go ahead with private OR Tambo terminal

2017-10-30 18:45

A high court has ruled that Fireblade Aviation, owned by the Oppenheimer family, can go ahead with running a private international business terminal at OR Tambo International Airport.

Guarantees continue to weigh on budget

2017-10-25 15:49

Contingent liability, caused by guarantees for public institutions, independent power producers and public-private partnerships, continues to weigh on the budget.

No more Mr Nice Guy: Gigaba gets tough on state-owned entities

2017-10-25 14:22

Finance Minister Malusi Gigaba has drawn a line in the sand regarding government’s expectations of the executives and board members that are running the country’s state-owned companies into the ground.

Denel tables incorrect audit report

2017-10-04 12:14

The auditor general's office has asked auditing firm SizweNtsalubaGobodo to change its clean audit opinion on state arms manufacturer Denel, after irregular expenditure has come to light.

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