Former Denel board chairperson Lungisani Daniel Mantsha and ex-group CEO Zwelakhe Nhlanganiso appeared in court on Friday on corruption charges. The Investigating Directorate against Corruption said ...

Denel board chairperson Gloria Serobe said the entity had promised to look at non-core assets that could be disposed of as a condition of the bailout but the sale of the non-core assets was not ...

“With the weaknesses in Denel, we buy overseas, and it takes forever. There have been instances where we ordered spares eight months ago, and they have not arrived,” said the minister.

Regarding the group’s solvency, it had been insolvent from 2019 to 2022 inclusive. Its losses had been R2.699-billion in 2019, R2.916-billion in 2020, R2.926-billion in 2021, and R0.768-billion ...

Subscribe to Push Square on YouTube 157k. Following a few weeks of leaks and teases, Mortal Kombat 1 has been officially announced for PS5. It's releasing on 19th September 2023, and you can get ...

Denel CEO William Hlakoane said Denel planned to raise R1.8 billion through the sale of non-core assets. Deputy Minister Phumulo Masualle said while progress was made in improving Denel's financial ...

Denel was a juicy target, showing a profit (a rarity for an SOE at the time) in 2015, and was given a clean audit by the Auditor-General.

Denel staff members left the company in droves after they did not receive full salaries for the past 18 months. Trade union UASA penned a letter to Minister of Public Enterprises Pravin Gordhan ...

Denel has unveiled what it calls “far-reaching steps” to ensure the weapons manufacturer’s sustainability, saying that a streamlined and refocused Denel will be a sustainable business and ...

South Africa's Denel formally announced the reorganisation of the company from six divisions to two, as part of a broader five-year plan. “We are determined to turn Denel around and repurpose it ...

The state-owned arms manufacturer Denel plans to sell non-core and unprofitable assets and make big changes to its business model. But it also wants to approach the SA taxpayer with a begging bowl.

SA’s state defence firm Denel hopes to return to profitability within the next five years via a restructuring plan, but will require significant cash injections to make it happen, it said on ...