Tag: Denel

South Africa’s Denel not planning to seek further bailouts

JOHANNESBURG (Reuters) - South African state defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch aggravated by the coronavirus crisis, its interim chief...

South Africa’s Denel tells unions it can’t honour court ruling on salaries

JOHANNESBURG (Reuters) - South Africa’s struggling state defence firm Denel told trade unions on Friday that it cannot honour a court ruling that it should pay outstanding salaries by Friday,...

South Africa’s Denel ordered to pay outstanding salaries by Friday

JOHANNESBURG (Reuters) - South Africa’s Labour Court on Tuesday ordered state defence firm Denel to pay workers outstanding salaries for May, June and July by no later than Friday, Aug....

Why South Africa’s Denel asked government for $200 million cash injection

South African state defence company has asked the government for a 2.8 billion rand ($200 million) cash injection to help it...

Will Africa cut much ice in Davos this year?

You have to hand it to the South African delegation that will head to the freezing slopes of the Alps in Davos, Switzerland, this week for the World Economic Forum. Their optimism in the face of a difficult task as steep as a Davos ski slope, verges on bravery.

Denel reports better than expected earnings

Denel reports an increase in FY revenue

Arms maker Denel cuts ties with the Gupta family

Arms maker Denel cuts ties with the Gupta family