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Top News In டெனல் வான்செலவுத்துறை Today - Breaking & Trending Today

Inside Denel's herculean plan to turn its fortunes ar...

Inside Denel's herculean plan to turn its fortunes ar...
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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Top 10 sites of State Capture: What the Guptas really c...

What is left after the State Capture wrecking ball, after the looting from so many state-owned entities? ....

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Denel dragging the SAAF down - defenceWeb

defenceWeb
Written by defenceWeb -
Serviceability and airworthiness of SAAF C-130BZ aircraft in doubt due to Denel problems.
The sorry state of affairs at Denel is impacting on the ability of the SA Air Force (SAAF) to meet ordered commitments resulting in, to date, a request for “guidance” as regards air force financial authority approving payments to Denel Aeronautics as “aircraft systems are unavailable”.
The request from Major General Setete Malakoane, Chief Director: Force Development And Support, is in the form of a letter to acting SAAF Chief, Lieutenant General Mzayifani Buthelezi, for the service’s budget control committee (BCC). defenceWeb has seen the letter. ....

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COVID-19 pandemic another blow to struggling Denel

COVID-19 pandemic another blow to struggling Denel
Written by Guy Martin -
335
The COVID-19 pandemic further hurt an already struggling Denel and further exacerbated its liquidity situation, the company said.
In its recently released 2019/20 annual report, former Interim Group CEO Talib Sadik noted that the hard lockdown from March 2020 due to the COVID-19 pandemic impacted on production and also on the payment of salaries for the months of April to July 2020, with net salaries for the months of May to July not being fully paid to employees, and the payroll third-party statutory payments not being paid from April to July 2020. ....

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Denel's employee numbers shrink 15% over the last year

defenceWeb
Written by Guy Martin -
1179
In a presentation to the Portfolio Committee on Public Enterprises today on its annual financial results for 2019/20, Denel revealed that it had lost nearly 500 employees over the last year.
The presentation by Interim Group CEO William Hlakoane showed Denelâs workforce shrinking â as of 1 April 2020, Denel employed 3 332 people but this had dropped to 2 837 by 31 January 2021 (2 617 permanent staff, 162 students and 58 contractors).
Between April 2020 and January 2021, 498 people left the company, including 73 managers, 99 engineers/project managers, and 249 technicians/artisans/operators.
Reasons given for leaving included better salary/benefits (60 people), better career opportunities (77), forced retrenchment (119), early retirement (28), retirement (59), and contract termination (61). ....

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