Severe Sanctions will be initiated against companies that are too white in South Africa and defaulters dealt with. The Department of Labour has started to fine companies which are “too white” according to the Employment Equity Act (EEA). Affirmative Action, which falls under the EEA, aims to ensure that qualified designated groups – black people,..
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BREAKING NEWS:- 44 Companies with more whites workforce facing fine of R1.5m by Department of Labour
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State-owned arms manufacturer, Denel slammed for appointing a white male as the group chief executive
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The Liberated Metalworkers Union of South Africa (Limusa) on Monday rejected the appointment of Daniel du Toit as the group chief executive of State-owned arms manufacturer, Denel, saying that the minister of public enterprises must implement employment equity recommendations. The department of public enterprises last month announced Du Toit as the new group chief executive..
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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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SA’s defence industry is facing a crisis as the state-owned arms maker Denel struggles to survive
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South Africa’s defence industry is dealing with a crisis as the state-owned weapons manufacturer Denel battles to survive, and rapidly agreeing equity partnerships is the only way to save it, a top defence official has said. Denel’s woes put at risk an industry estimated to directly employ around 15 000 people, Armscor CEO Kevin Wakeford..
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Finally the truth is being told! – Denel Admits Bursary Granted To Supra Mahumapelo’s Son Was Illegal
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It emerged in April that a R1 million bursary had been awarded to Oarabile Mahumapelo to attend flight school. Denel has conceded that a bursary granted to the son of former North West Premier Supra Mahumapelo was illegal. It emerged in April that a R1 million bursary had been awarded to Oarabile Mahumapelo to attend..
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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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South Africa is allegedly supplying weapons to Saudi Arabia, ruling ANC-regime involved in war crimes
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South Africa is edging ever closer to ethical and legal fallout by continuing to supply weapons to Saudi Arabia and the UAE (United Arab Emirates). These weapons, which have been proven to emanate from South African manufacturers, are being used in the war on Yemen. This conflict, which was spearheaded by Saudi Arabia in 2015,..
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Gupta-linked director general removed from Public Enterprises
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Richard Seleke, the controversial director general of public enterprises, has left public service after reaching an agreement with the presidency.
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South African Government is supplying weapons to Saudi Arabia, involved in Yemen war
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The government of South Africa has the blood of many Yemenis on its hands. South Africa is edging ever closer to ethical and legal fallout by continuing to supply weapons to Saudi Arabia and the United Arab Emirates (UAE). These weapons, which have been proven to emanate from South African manufacturers, are being used in..
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Influence of Zuma and the Guptas is still sinking government entities – Denel struggles to pay salaries
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The weapon manufacturer Denel could not pay his senior management’s full salary at the end of September. Denel needs urgent funding and financial assistance and will probably be helped by treasury with tax money to continue production. The influence of Zuma and the Guptas is still having a great influence on state entities and are..
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Des Van Rooyen lost no time in the treasury
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On December 9 2015, ANC backbencher Des van Rooyen was appointed finance minister. Four days later, after intense pressure, then-president Jacob Zuma rescinded his appointment, shifted him to the co-operative governance and traditional affairs department and appointed Pravin Gordhan to control the nation’s purse strings.
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State-owned enterprises: Which one costs South African taxpayers the most money?
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South African state-owned enterprises set the stage for a sad affair. The sordid tale of bottomless funding vanishing under the unexplainable guise of ‘irregular expenditure’ – the millions become indiscernible from the billions, spoken of as fictitious currency. But the money is very real, and it trickles into government coffers through the tax tear in..
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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After a Quarter Century of Black Rule in SA, “Blacks” Still Blame “Whites” For EVERYTHING! When will blacks appropriate accountability, responsibility, duty and honour?
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Despite being in charge and control of everything from Taxes, Budget, Finance, Police, Army, Hospitals, Roads, Municipalities, Councils, Parliament, Judiciary, Customs, etc. etc. the black majority government in South has been unable to do anything more than consume the wealth that whites created prior to 1994.
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Denel: Interim board gives staff, management new hope
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CAPE TOWN – Denel management and staff say the appointment of an interim board marks a new beginning for the cash-strapped state-owned arms maker.
Public Enterprises Minister Pravin Gordhan announced the new board members on Monday, naming former Airport Company South Africa CEO Monhla Hlahla as chairperson
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