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Tag: Denel

South Africa defence group Denel to seek investment partners: CEO

South Africa's state-owned defence group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. The...

Denel defends appointment of Daniel du Toit as group CEO

State-owned arms manufacturer, Denel Group, on Monday defended its decision to appoint Daniel du Toit as group chief executive, saying that it was committed to transformation. This comes after the Liberated Metalworkers...

Denel strong enough to stand on its own despite R1.8bn loss

State-owned arms manufacturer Denel, which recorded a loss of nearly R2 billion in the past financial year, is strong enough to stand on its own, its chairperson Monhla Hlahla said. ...

Eight killed in Somerset West explosion

Somerset West - Families have gathered outside the Rheinmetall Denel Munitions factory in Somerset West waiting for news on their loved ones following an explosion at the factory. Eight people have...

Denel ahoy!

Defence contractor Denel aims to anchor a viable long-term partnership with the South African Navy. Denel might well be spending more time in Simonstown after recently taking to the proverbial seas...

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Naspers Said to Eye Fintech Deals in $1 Billion India Push

Naspers Ltd. wants to spend about $1 billion in India this year as it scours the globe for investments that can replicate its blockbuster bet...

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