Denel says it is pursuing civil and criminal action against former executives following several forensic investigations into alleged fraud and misappropriation of money. Danie du Toit, the group CEO, ...

Denel’s efforts to restructure its business and implement a comprehensive turnaround plan, have been given a boost following the recent decision by Fitch Ratings in London to affirm its long-term ...

A Denel company logo is seen at the entrance of their business divisions in Pretoria JOHANNESBURG (Reuters) - South Africa is investigating the alleged misappropriation of intellectual property rights ...

The investigation also shows how the state-owned defence giant is being ushered into the arms of a Gupta-aligned company, VR Laser, despite a due diligence report from law firm ENSafrica, which ...

Denel is in a death spiral. Its finances are a mess, its top management has left the company, and technical skills and valuable IP are walking out the front door. Denel executives recently told ...

Staff at state-owned arms manufacturer Denel learned on Tuesday that the company has paid their salaries, but not their pension contributions. In a letter sent out by the "Denel retirement fund", the ...

State-owned defence technology company Denel plans to streamline its operations over the next five years. Interim CEO William Hlakoane says the sale of non-core or non-profit making assets is ...

The reorganisation of the state-owned Denel arms group has been delayed by an anti-corruption drive led by chief executive Victor Moche, defence industry sources say. The group, with effect from April ...

Denel said it needs significant cash injections to support current operations and implement a new operating model. The company released a statement yesterday promoting its new turnaround strategy to ...

South African based defence solutions provider, Denel, yesterday announced a series of far reaching steps it intends to take to ensure the company's sustainability. Image courtesy Denel It stated that ...

A Denel delegation told Parliament on Wednesday that the state-owned arms producers suffered from a combination of financial woes. Fitch also downgraded Denel in 2020, which made it harder for the ...

South African defence group Denel will restructure and exit some operations in an effort to return to profitability after several years of losses, Jane’s has learnt. The company’s new board has drawn ...