With the apparent initiative and guidance of the new chief of arms manufacturers, Denel, a contract has been entered into for the export of weaponry worth more than R6 billion. A spokesman for the manufacturer confirmed that a contract had been obtained but that the broader details of it had not yet been disclosed. The..
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Weapon manufacturer Denel has quietly acquired a contract worth R6.3 billion for the export of weaponry
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Can the sinking ship be saved? – Denel’s deterioration attributed to political appointments of incompetent people in key positions with no knowledge of the arms industry, now the state entity has appointed a new Chief Executive Officer
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The Cabinet approved Daniel du Toit’s appointment as Chief Executive Officer at Denel. He will immediately pay attention to superficial contracts entered into during the state hijacking period. Cost cuts will also be one of its priorities. The arms manufacturer has deteriorated dramatically over recent years due to the political appointments made in top management..
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No wonder the state-owned weapon manufacturer Denel, is currently experiencing financial problems and faces bankruptcy – Head of finance fired after allegedly found guilty of fraud and unlawful use of funds
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The state-owned arms manufacturer Denel has fired his head of finances, Odwa Mhlwana, after he was allegedly found guilty of fraud and unlawful use of funds. Denel has now appointed Wim de Klerk in the position. He is currently the former CEO of ArcelorMittal and will soon begin his duties in the new post. Mhlwana..
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