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.
defenceWeb
Written by defenceWeb -
Denel corporate office in Irene.
Denel executives jumping ship following the national Budget presentation last week is nothing less than disgraceful, leaving workers stranded and puzzled about their future, trade union UASA has said.
In his tabling of the Budget, Finance Minister Tito Mboweni made no mention of a lifebuoy to save the state-owned entity (SOE), leading to the executive’s exit, notes Abigail Moyo, spokesperson of UASA.
“Denel’s new acting group chief executive, William Hlakoane, maintains a persistent silence and seems content to ignore repeated messages, which has now prompted UASA to call on the Department of Public Enterprise to play a more prominent role and provide the guidance and assistance needed to turn this once proud establishment around,” she said.
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