South African defense conglomerate Denel is in some hot water with an American client, after news of a modest lawsuit broke. Draken International asserts Denel Aeronautics breached a $35.2 million USD ...

Denel’s efforts to restructure its business and implement a comprehensive turnaround plan, have been given a boost following the recent decision by Fitch Ratings in London to affirm its long-term ...

JOHANNESBURG (Reuters) - South African state-owned defence firm Denel is unable to make payments to its employee pension fund or meet some of its tax obligations as it struggles with a liquidity ...

Minister of Defence and Military Veterans Angie Motshekga has been involved in appointing a new Denel board in February 2026 as part of stabilisation efforts, which signals official acknowledgment of ...

Denel says it is pursuing civil and criminal action against former executives following several forensic investigations into alleged fraud and misappropriation of money. Danie du Toit, the group CEO, ...

South African based defence solutions provider, Denel, yesterday announced a series of far reaching steps it intends to take to ensure the company's sustainability. Image courtesy Denel It stated that ...

Denel is in a death spiral. Its finances are a mess, its top management has left the company, and technical skills and valuable IP are walking out the front door. Denel executives recently told ...

JOHANNESBURG, Aug 2 (Reuters) - South African defence company Denel expects to receive government support in the third quarter as ministers are satisfied with progress in its turnaround plan, the ...

State arms company Denel has failed to supply R250 million worth of army vehicles to the government of Chad, despite having been paid a R100 million deposit almost two years ago. In 2017, Chad bought ...

The Guptas have done it again – this time by teaming up with state-owned arms manufacturer Denel to profit from the sale of its products in the East. Denel announced the formation of joint venture ...

Denel told Parliament that it will have to raise R800 million in the next few months - over and above the government assistance that it has already received - to return to a financially stable ...

Arms manufacturer Denel owes its staff R636m in salaries, and a further R900m is owed to suppliers. On top of this, its available cash is insufficient to meet operational requirements, including the ...