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Weapon manufacturer Denel has quietly acquired a contract worth R6.3 billion for the export of weaponry

Posted on 12/11/2019 Leave a comment

With the apparent initiative and guidance of the new chief of arms manufacturers, Denel, a contract has been entered into for the export of weaponry worth more than R6 billion.

A spokesman for the manufacturer confirmed that a contract had been obtained but that the broader details of it had not yet been disclosed.

The new contract worth R6.3 billion will be presented to Parliament during the coming week to approve the arms export.

The new technology that will be used in the weaponry is probably innovative, and can be attributed to the expertise of people who have proven their skills in arms manufacturing over the years.

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Can the sinking ship be saved? – Denel’s deterioration is attributed to political appointments made where incompetent people are placed in key positions who have no knowledge of the arms industry, now the state entity has appointment a new Chief Executive Officer

Posted on 21/12/2018 Leave a comment

The Cabinet approved Daniel du Toit’s appointment as Chief Executive Officer at Denel. He will immediately pay attention to superficial contracts entered into during the state hijacking period. Cost cuts will also be one of its priorities.

The arms manufacturer has deteriorated dramatically over recent years due to the political appointments made in top management who lack knowledge of the industry.

The ANC government had to save the industry of total collapse numerous time with financial support, and many contracts entered into resulted in enormous loses.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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