Denel
latest news & developmentsSouth African firms suspect UAE companies may have obtained military intellectual property
A Special Investigating Unit investigation is focused on employees of defence firms suspected of passing on military intellectual property
Political parties slate defence department, Denel after SIU uncovers procurement irregularities
In one Special Investigating Unit inquiry, Denel was paid more than R8 billion by Armscor for 264 Badger vehicles but only produced a fraction of those
OBITUARY – Pravin Gordhan’s last warning: Democracy will not survive on its own
Gordhan’s last political act was to call for a ‘reset’ and a return to progressive politics
State-owned enterprises to find new homes in line ministries
The proclamation by President Cyril Ramaphosa is an apparent about-turn from earlier plans that would have seen state firms fall under the control of his office
Bill mandating pay gap disclosure for state-owned enterprises should make workers happier, says expert
State-owned companies will have to disclose data on their highest and lowest paid employees in an effort to solve wage disparities and be more transparent
Made-in-Africa military drones on the rise
South Africa was an early adopter of unmanned aerial vehicles and the military pushed drone development from 1970
Department of Public Enterprises
State capture is often cited as the the reason for the department’s ongoing failures, but its problems run far deeper
SA trade in military hardware with Israel needs scrutiny
Controversial trade links between the two countries remain — albeit on a far smaller scale than in the past
Denel posts R390 million profit
The company posted a loss of R1.5 billion in 2020, the same year it last tabled an annual report
‘Rogue’ Denel board snubs parliament
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
Godongwana gives SAA another billion rand
The money will go towards clearing the airline’s historic debt and may not be the last downpayment
Controversial government spending cuts ‘paid off’
Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
Godongwana: Government can’t walk away from Eskom, Transnet
The minister’s medium-term budget policy statement had to balance the fiscal risk of state-owned entities and the threat their collapse posed for the economy
Treasury lauds success of fiscal consolidation efforts
The state is set to achieve a primary budget surplus a year earlier than expected
ANC document says parastatal model is on its last legs
The document, drafted ahead of the governing party’s policy conference later this year, poses the need for broader public-private collaboration