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Denel to sell businesses as it plots its recovery

Denel reported a R1.2 billion loss at the end of December 2020

Denel-mechem , Kgathatso-tlhakudi , Portfolio-committee-on-public-enterprises , Department-of-science , Department-of-public-enterprise , Eskom , Public-enterprise , Portfolio-committee , Public-enterprises , Square-kilometre-array , Denel-gear , Medupi-power-station

SAA close to sealing the deal with Takatso, oversight committee hears

Due diligence for South African Airways' chosen strategic equity partner, the Takatso consortium, is at an advanced stage and should be completed "in the next week or so", the Department of Public Enterprises said on Wednesday.

South-africa , South-african , Kgathatso-tlhakudi , African-airway , Portfolio-committee-on-public-enterprises , Department-of-public-enterprises , Constitutional-court , Sa-civil-aviation-authority , African-cabin-crew-association , Portfolio-committee , Public-enterprises , Air-chefs

Denel at risk of collapse, with implications for the SANDF

Denel at risk of collapse, with implications for the SANDF
defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.

South-africa , Pretoria , Gauteng , Kempton-park , South-african , Denela-rooivalk , Portfolio-committee-on-public-enterprises , Department-of-public-enterprises , National-treasury , African-national-defence , Department-of-defence

Call for business rescue at Denel

defenceWeb
Written by defenceWeb -
Denel corporate office entrance.
Put Denel under business rescue is one proposal this week to find a way of bringing some stability to the beleaguered State-owned defence conglomerate with another a call for it to diversify to remain operational.
Both calls come from National Assembly members, one the chair of an oversight committee and the other an opposition party member of the same committee – the Portfolio Committee on Public Enterprises (PCPE). They come in the wake of disclosures this week of short and possible non-payment of salaries again at Denel divisions.
The diversification call was made by PCPE chair Khayalethu Magaxa and reported by SABC TV News.

South-africa , South-african , Michele-clarke , Martin-denel , Pravin-gordhan , Khayalethu-magaxa , Portfolio-committee-on-public-enterprises , National-assembly , African-airways , Public-enterprises , Democratic-alliance , Portfolio-committee

NPA must appeal Judge Hlophe's decision in Bongani Bo...

Bongani Bongo, who was the minister of state security in the dying days of the Zuma administration, was charged with a series of contraventions of the Prevention and Combating of Corrupt Activities Act (PCCA), on the basis that he offered a gratification in the form of an offer or a suggestion to advocate Ntuthuzelo Vanara, Senior Legal Adviser to Parliament, which offer was allegedly aimed to derail or interfere with a parliamentary inquiry into Eskom.
Let us leave aside the controversy that continues to brew about the presiding judge, John Hlophe’s decision to hear the case, and undertake a detailed analysis of the judgment. It holds grave implications for the judiciary as well as the future of the National Prosecuting Authority (NPA) and the response of the law to the whole issue of State Capture.

South-africa , Bongani , Mpumalanga , Masibulele-xaso , John-hlophe , Mike-hellens , Pravin-gordhan , Ntuthuzelo-vanara , Justice-carole-lewis , Senior-legal-adviser-to-parliament , Portfolio-committee-on-public-enterprises , National-assembly

S v Bongo (CC 06/2020) [2021] ZAWCHC 36

S v Bongo (CC 06/2020) [2021] ZAWCHC 36
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The Accused in this matter, Advocate Bongani Bongo (Mr Bongo) was a member of the National Assembly from 07 May 2014 to 16 October 2017. He was a member of the executive branch of government, having served as the Minister of State Security during the period 17 October 2017 to 26 February 2018. Mr Bongo then became a Member of Parliament on 27 February 2018, a position he still presently hold. The allegation levelled against Mr Bongo is that he offered a bribe to Advocate Nthuthuzelo John Vanara (Mr Vanara), the evidence leader of the Portfolio Committee on Public Enterprises: Eskom Inquiry, in order to delay or collapse the Inquiry. Mr Bongo denied those allegations. He stated that he knew Mr Vanara as a lawyer and had engaged him previously and had discussions with him regarding the parallel processes and enquiries. Furthermore, Mr Bongo referred to a sworn statement submitted by him before the Ethics Committee Inquiry against him. In terms of that statement Mr Bongo denied the allegations relating to collapsing the Inquiry/ and or bribing Mr Vanara.

Bongani , Mpumalanga , South-africa , Nthuthuzelo-john-vanara , Portfolio-committee-on-public-enterprises , National-assembly , Member-of-parliament , Ethics-committee-inquiry , Advocate-bongani-bongo , State-security , Advocate-nthuthuzelo-john-vanara , Portfolio-committee

Zondo commission hears why it was a 'challenge' to hold Lynne Brown 'accountable'

PHOTO: Esa Alexander/Gallo Images, Sowetan
The former chairperson of the Portfolio Committee on Public Enterprises, Dipuo Letsatsi-Duba, told the Zondo commission that holding former public enterprises minister Lynne Brown accountable was a challenge because she did not attend meetings.
In paragraph 13 of her affidavit - read out by the evidence leader, advocate Alec Freund, at the commission on Wednesday evening - Letsatsi-Dube said: "I did not experience any push back from Minister Brown, however holding Comrade Lynne Brown accountable was a challenge; she did not attend meetings of the portfolio committee but instead sent her deputy."
When asked to elaborate, she said she pointed out in her affidavit that Brown explained those meetings overlapped with Cabinet meetings.

Alec-freund , Dipuo-letsatsi-duba , Lynne-brown , Portfolio-committee-on-public-enterprises , Portfolio-committee , Public-enterprises , Minister-brown , Comrade-lynne-brown , அலெக்-ஃப்ரீண்ட் , லின்-பழுப்பு , போர்ட்‌ஃபோலீயோ-குழு-ஆன்-பொது-நிறுவனங்கள்

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).

Saudi-arabia , South-africa , United-states , America , Saudi , William-hlakoane , Portfolio-committee-on-public-enterprises , National-conventional-arms-control-committee , Royal-saudi-air-defence , Labour-court , Portfolio-committee , Public-enterprises

Load shedding risk to reduce by April, says Eskom – The Citizen

Load shedding risk to reduce by April, says Eskom – The Citizen
citizen.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citizen.co.za Daily Mail and Mail on Sunday newspapers.

Jacaranda , Limpopo , South-africa , Sikonathi-mantshantsha , Portfolio-committee-on-public-enterprises , Eskom , Pravin-gordhan , Public-enterprises , ஜகரந்தா , போர்ட்‌ஃபோலீயோ-குழு-ஆன்-பொது-நிறுவனங்கள் , பிராவின்-கோர்டன் , பொது-நிறுவனங்கள்

Happening in Parliament this week

Happening in Parliament this week
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Joint Sittings to debate the President’s State of the Nation Address (SONA), public hearings on a civil aviation Bill, the review of the Women’s Charter and 44 meetings of committees are coming up on the programme of Parliament this week.

Cape-town , Western-cape , South-africa , Gauteng , Amajuba , Eastern-cape , Free-state , Mpumalanga , Kwazulu-natal , Kwazulu , Ilembe-ehlanzeni , Lechesa-tsenoli