Denel owes Solidarity workers R90 million in outstanding salaries and benefits, including medical aid and pension.

An explosion lit up Cape Town’s skies late on Sunday night after a fire broke out at the Rheinmetall Denel munitions plant in Somerset West. No injuries were reported. Eight people died in a blast at the same plant in 2018.

An investigative team of researchers claims that Denel, under the guidance of Pravin Gordhan, might have ‘profited from the misery’ inflicted upon Yemen.

Denel said on Feb.1 that it made a R1.96 billion loss in the 2019/20 financial year, compared to a R1.47 billion loss a year earlier.

Alarmed by financial difficulties at Denel and their impact on SA National Defence Force (SANDF) projects, the Department of Defence (DoD) has appointed a ‘Save Denel’ technical team.

The Organisation for Economic Co-operation and Development (OECD) advised last month that to turn around its economy, South Africa needs to sort out the governance framework for its many SOEs.

Denel haven’t paid salaries since May and are operating at a massive loss, prompting the DA to request urgent talks with new CEO Talib Sadik.

Unions Solidarity and UASA are going back to the Labour Court to file contempt of court papers against Denel, who are yet to pay their staff.

SOE tells unions that, despite a ruling by the Labour Court, it cannot pay employees the money it owes them.

The military hardware supplier have also said that prospects don’t look good for salary payments in June or July either.

The company has blamed the stain on its reputation to be the leading cause of this financial decline.

Senior officials have been suspended and a criminal case has been opened with SAPS.

Denel’s CEO claims it is on the verge of signing a massive order that will help the the state-owned weapons producer out of its current financial hole.

Defence technology company Denel have been given a R1.8-billion bailout as the new board seek to guide the State owned enterprise out of the red.

Denel’s CEO claims a number of corrective steps have already been taken against former Denel executives to recover money lost.

Pravin Gordhan made the announcement at the SONA Debate.

Denel conceded to the fact that they could not meet their financial obligations for June.

Malusi Gigaba’s link to the Guptas deepens: Ex-Denel CEO Riaz Saloojee dropped bombshells at the state capture inquiry on Wednesday.

Budget cuts pertaining to the Department of Defence have left Denel in a sticky position.

Saudi Arabia has, once again, come under the spotlight for its dubious human rights’ violations.

While the Department of Public Enterprises, led by Minister Pravin Gordhan, received a clean audit, some SOEs reported gross irregular expenditure, with most failing to table their financial reports in time for the briefing.

The government of South Africa has the blood of many Yemenis on its hands.

Denel have had a few health and safety nightmares over the last decade, which are now under the microscope following the Somerset West tragedy.

A terrible tragedy has unfolded in Somerset West, as a total of eight people were killed in a blast at a nearby Denel facility.

Zuma has two new lawyers ready to represent him tomorrow. Surprise, they are very very dodgy…