Latest News & Developments
denel
Minister on why SANDF is in trouble
Angie Motshekga reveals the dire state of South Africa's defence department, citing management issues and financial struggles at Denel.
Denel explains why it has not sold its non-core assets
Denel board chairperson Gloria Serobe said the entity had promised to look at non-core assets that could be disposed of as a condition of the bailout but the sale of the non-core assets was not supported by the Department of Defence.
Denel “weaknesses” affecting military operations
As a result of the problems at Denel, army personnel are having to wait long periods to receive new vehicles or have their existing vehicles repaired.
Motshekga highlights Denel's challenges and its impact on military operations
Defence Minister Angie Motshekga discusses the challenges facing Denel, South Africa's state arms manufacturer, and its implications for military operations
Proposed Budget 2025: R1. 8bn lifeline for SA Post Office as Treasury intervenes
The South African Treasury, alongside the Department of Communications and Digital Technologies, is implementing a crucial rescue plan for the struggling Post Office. With R1. 8 billion allocated and 354 branches closed, can this intervention save one of South Africa's oldest institutions?
Cosatu: critical analysis of President Ramaphosa's SONA 2025
Cosatu welcomes its progressive commitments and are encouraged by progress achieved over the past year but remain extremely worried about the slow pace of implementation in many instances.
SIU initiates civil proceedings against UAE government for Denel’s intellectual property
The Special Investigating Unit is set to initiate legal action against the UAE government over the alleged unauthorised use of Denel’s intellectual property, valued at R320 million.
MTBPS: South African SOEs face tough love as Treasury withholds funding
Finance Minister takes hard stance on SOE bailouts, leaving Post Office and Denel without funding support. Treasury's 'tough love' approach aims to curtail R520 billion drain on public resources.
Military bodies caught in state capture cross-hairs – Holomisa
Holomisa also said the Government of National Unity was determined to reinstitute the image of the country’s defence capabilities eroded during the state capture period.
Military bodies caught in state capture cross-hairs
Holomisa also said the Government of National Unity was determined to reinstitute the image of the country’s defence capabilities eroded during the state capture period.
Government’s contingent liabilities stand at R21 billion, report shows
Ramokgopa said engagements were ongoing in identifying and pursuing optimal involvement of the private sector to operate on Transnet rail infrastructure.
Phakamile Hlubi-Majola: Pravin Gordhan and the attempted privatisation of SAA – A cautionary tale
OPINION: So long Minister Gordhan, writes Phakamile Hlubi-Majola, who warns against privatisation of SOE’s as a panacea for our ills.
Denel CEO pins hopes on new operating model for loss-making turnaround
Denel’s CEO, Tshepo Monaheng, is aiming to turn around the struggling state arms manufacturer with a new operating model to reflect proven proficiencies in the aerospace, guided weapons, landward and integrated systems (ISS) capability domains.
Gordhan’s arrogance will cost SA dearly
The unique thing about Gordhan is that his last stint as minister has been one to forget.
SOEs can once again drive economic growth and industrialisation – Cosatu
Though the progress initiated by government in securing, stabilising and rebuilding our SOEs is welcome, they remain fragile and require further support if they are to return to not only a sustainable trajectory, but also to once being the pillars of a robust industrialised economy capable of employing millions of South Africans.
Numsa: Gordhan’s retirement as the minister of Public Enterprises is ‘good riddance to bad rubbish!’
Just like the hit song by Miley Cyrus, Gordhan came in like a wrecking ball in 2018 and he has wrecked every single state- owned entity (SOE) that he touched.
KPMG can only ‘begin to atone’ for its role in VBS corruption by playing open cards with the public
We will not win our fight against crime and corruption if we continue to treat the implicated with kid gloves.
Finding Mandela’s ‘Guinea-pig’ generation
Siyabonga Hadebe It has been a while since I wrote on grassroots community issues. I often talk about this subject that I will discuss today with my closest friends: I would rather not mention them by their first names. Many of this ‘guinea pig’ generation will undoubtedly identify with this story I am pouring out today.
Using contingency reserves a blow for future generations
Plundering and mismanagement warning to government on intended use of reserves; as resorting to the contingency reserves has been met with fierce opposition from some of the political parties
The case against Malusi Gigaba
In this extract from Zondo at your Fingertips: The Definitive Guide to the Zondo Commission, author Paul Holden sets out and summarises the Commission’s investigations into the role of Malusi Gigaba in state capture and, in particular, its damning findings about his connections to the Gupta clan.
When we normalise abnormality in state-owned companies, we run the risk of never achieving transformation goals
The heads of SOEs in South Africa have a short shelf life amid infighting and political interference.
Denel has a new CEO as Tsepo Monaheng takes over
Public Enterprises Minister Pravin Gordhan said Tsepo Monaheng will reposition Denel to expand its manufacturing capacity.
Public Enterprises Department wants errant SOE directors to be declared delinquent
A total of 56 evidence submissions were prepared and referred to the CIPC in November.
AG says public institutions recorded improved audit outcomes
The only blemish was the 31 public institutions that have outstanding audits as at end of September.