The company posted a loss of R1.5 billion in 2020, the same year it last tabled an annual report
Not a single member of the state-owned weapons manufacturer, which has received taxpayer funded bailouts of R9 billion, put in an appearance at the meeting
With a take-over of Eskom’s debt looming, the finance minister found no indulgence for other struggling parastatals
The fire started when melted substance from a light fitting ignited stored manufacturing material.
The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function
The second state capture report shows how the arms company went from a R35-billion order book to begging the treasury for cash to stay afloat
Two investigations into separate explosions at the Rheinmetall Denel Munition depot near Macassar continue
Calls to end production at Rheinmetall Denel Munition after yet another blast rocks the Somerset West area, the fifth since 2018
The parastatal has struggled with financial constraints for some time, partly blamed on wasteful expenditure and the inability to create revenue
A senior officer says the shortage of spares and and ability to service aircraft and vehicles has a negative effect on the SANDF’s operational ability