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Alkantpan hosts successful Denel capability demo 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.
Denel owes staff and suppliers R1.5 billion 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.
Salary woes continue at Denel 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.
Salary woes continue at Denel - defenceWeb 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.
defenceWeb Written by Guy Martin - A Denel T5-52 in action. Denel’s R1.962 billion loss for the 2019/20 financial year ending March was driven by liquidity constraints, poor programme execution, and delayed sales, the state-owned company’s latest annual report said, adding that little to no production activity further hurt the defence conglomerate. Denel published its annual report on 1 February. The Johannesburg bourse had threatened to suspend the listing of Denel’s bonds if the arms manufacturer did not publish its results by the end of January. According to the document, Group revenue reduced by 20% to R2.72 billion in 2019/20, compared with R3.4 billion in 2018/19, driven by liquidity constraints as Denel battled with low funds to meet all its operational requirements in the year. This impacted on the payment of suppliers, therefore on-time deliveries to customers, the annual report said. ....