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Thanks to Denel's financial implosion, the force may no longer be with us


Thanks to Denel’s financial implosion, the force may no longer be with us
Ammunition shortages and inadequate maintenance leave SA’s defence capabilities severely compromised
12 May 2021 - 19:59
The SA National Defence Force faces the threat of running short of ammunition because of Denel’s crippling financial situation.
A damning letter written by the SA Air Force’s chief director of force development and support, Maj-Gen Setete Malakoane, lays bare just how dire a situation the SANDF faces in terms of maintaining its combat equipment and equipping troops.
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Maj Gen Setete Malakoane , Sa Air , Sa National Defence , Hosken Senior , Defence Force , Sa Air Force , Setete Malakoane , Air Force , Sa National Defence Force , Cyril Xaba , C 130 , Joint Operations Division , Parliaments Joint Standing Committee On Defence , Saaf Budget Control Committee , ச அேக , ச தேசிய பாதுகாப்பு , ஹோஸ்கன் மூத்தவர் , பாதுகாப்பு படை , ச அேக படை , அேக படை , ச தேசிய பாதுகாப்பு படை , கூட்டு செயல்பாடுகள் பிரிவு ,

Parastatals in crisis and in need of interventions


Parastatals in crisis and in need of interventions
Sandile Zungu > By Sandile Zungu - 13 April 2021 - 08:01
It s time we talked about the state of our state-owned enterprises (SOEs). The past two months have been especially depressing to the transformation project in our country. A month ago, Basani Maluleke, the chief executive of the African Bank, inexplicably walked out of her job after stabilising the distressed bank, and placing it on a growth path.
As this sordid saga was unfolding, another seasoned black African executive, Tryphosa Ramano, was on her way out of her job as chief financial officer, with a toxic narrative running about her departure terms including a standard payout to fund her gardening leave (restraint of trade). This is normally given to many white male CEOs and CFOs, raising the question why it was deemed relevant to mention it when it comes to her. ....

Tryphosa Ramano , Sandile Zungu , Basani Maluleke , African Bank , Comment Policy , Sa Express , Jacob Zuma , Monhla Hlahla , கருத்து பாலிஸீ , ஜாகோப் ஜும ,

Denel cold shoulder as SAA, Eskom grab bailouts - SOE in 'spiral of terminal decline'


It would seem that Denel, South Africa’s state-owned aerospace and military tech company, is heading the same way as other SOEs. ‘In the financial year ending in 2020 its losses were R1.9bn, mainly due to rising operating costs, which is often a sign of high management overheads’, writes Jonathan Katzenellenbogen. He adds that the last time the company made a profit was in 2016/17, ‘R282m, which amounted to about 3.5 percent of sales’. Financial issues has seen some of Denel’s highly qualified employees pack their bags, seeking work elsewhere. According to Katzenellenbogen, this is due to the company’s ‘inability to meet its payroll on time’ among other concerns. Former engineers are now working for competitors in the UAE and Saudi Arabia which, says the writer, have ‘raised allegations of theft of intellectual property’. – Jarryd Neves ....

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