Denel is technically insolvent with debt of around R3.5 billion and cumulative losses of nearly R5 billion over the last few years. Meltdown at Denel – MyBroadband Subscribe ...

Denel’s latest annual report revealed that it was in deep financial trouble, with debt of R3.4 billion and losses of R1.9 billion in the 2019/2020 financial year.

Airbus Helicopters and Denel Aviation announced on 15 September that they are entering a cooperative arrangement to enhance and modernise South Africa's Rooivalk attack helicopter. ... The programme ...

Denel suffered a double whammy earlier this year when local banks turned it down for funding after it had secured a R6 billion missiles contract in Egypt, which would have seen it meet some of its ...

Denel Dynamics is formally denying it has supplied tactical surveillance unmanned aerial vehicles or target drones to Iran. That country recently launched a turbojet-powered drone, called the “Karrar.

South African state-owned arms manufacturer Denel SOC Ltd. has received a loan to pay its staff their full salaries this month, according to Public Enterprises Minister Pravin Gordhan, giving the ...

Shoddy and incomplete accounting at South Africa's troubled state-run arms firm Denel left the country's Auditor General unable to make a judgement on the soundness of its most recent financial ...

Denel has told its staff it would be unable once again to pay their salaries, this time for June, as its liquidity position remained dire on competing priorities and declining sales.

Cash-strapped state-owned arms manufacturer Denel cannot pay its creditors and has 1,557 supplier invoices that have not been paid for 30 days or more, Business Day reported. Public enterprises ...

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 ...

The prototype of Denel Dynamics’ latest Unmanned Air Vehicle (UAV), the Seeker 400, has been completed and is due to make its maiden flight in the first quarter of 2012, the company announced. UAVs ...

Denel military aircraft general manager Johann Holdt told reporters in Kempton Park that Denel had been contracted by BAE Systems to build 46 tailpieces for Hawk T-MK1 trainer fighter planes over the ...