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South African firms suspect UAE companies may have obtained military intellectual property

A Special Investigating Unit investigation is focused on employees of defence firms suspected of passing on military intellectual property

Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts

Political parties slate defence department, Denel after SIU uncovers procurement irregularities

In one Special Investigating Unit inquiry, Denel was paid more than R8 billion by Armscor for 264 Badger vehicles but only produced a fraction of those

“[Pravin Gordhan] was a highly skilled backroom operator who shied away from the spotlight” (Getty Images)

OBITUARY – Pravin Gordhan’s last warning: Democracy will not survive on its own

Gordhan’s last political act was to call for a ‘reset’ and a return to progressive politics

President Cyril Ramaphosa has reassigned the responsibility for state-owned enterprises from the now-defunct department of public enterprises to their respective line-function ministries.

State-owned enterprises to find new homes in line ministries

The proclamation by President Cyril Ramaphosa is an apparent about-turn from earlier plans that would have seen state firms fall under the control of his office

The commencement date of the amendments has not yet been proclaimed. File photo.

Bill mandating pay gap disclosure for state-owned enterprises should make workers happier, says expert

State-owned companies will have to disclose data on their highest and lowest paid employees in an effort to solve wage disparities and be more transparent

Nigeria, Algeria and Ethiopia are listed as the most viable markets for domestic drone industries, based on the number and types of drones purchased annually. Photo: bird story agency sourced

Made-in-Africa military drones on the rise

South Africa was an early adopter of unmanned aerial vehicles and the military pushed drone development from 1970

A restaurant owner counts money by candlelight. Photo: Leon Sadiki/Getty Images

Department of Public Enterprises

State capture is often cited as the the reason for the department’s ongoing failures, but its problems run far deeper

An Israeli army armoured fighting vehicle returns to a staging area from the border with Gaza on November 15, 2023 in Southern Israel. More than month after Hamas’s Oct. 7 attacks, the country’s military has continued its sustained bombardment of the Gaza Strip and launched a ground invasion to vanquish the militant group that governs the Palestinian territory. (Photo by Christopher Furlong/Getty Images)

SA trade in military hardware with Israel needs scrutiny

Controversial trade links between the two countries remain — albeit on a far smaller scale than in the past

Denel posts R390 million profit

The company posted a loss of R1.5 billion in 2020, the same year it last tabled an annual report

The air force’s
Oryx and Rooivalk helicopters, which are manufactured
by Denel. File photo by Born/Gallo Images/The Times &
Sebabatso Mosamo/Sunday Times

‘Rogue’ Denel board snubs parliament

Not a single member of the state-owned weapons manufacturer, which has received taxpayer funded bailouts of R9 billion, put in an appearance at the meeting

Aside from mounting a financial rescue operation at Eskom, the government will give another R1 billion to SAA before the end of the current financial year towards paying off the airline’s historical debt.
 (Delwyn Verasamy/M&G)

Godongwana gives SAA another billion rand

The money will go towards clearing the airline’s historic debt and may not be the last downpayment

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Controversial government spending cuts ‘paid off’

Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Godongwana: Government can’t walk away from Eskom, Transnet

The minister’s medium-term budget policy statement had to balance the fiscal risk of state-owned entities and the threat their collapse posed for the economy

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Treasury lauds success of fiscal consolidation efforts

The state is set to achieve a primary budget surplus a year earlier than expected

More recently, the government chose to relinquish its majority stakeholding in SAA, after it became the first parastatal to go into business rescue. (Delwyn Verasamy/M&G)

ANC document says parastatal model is on its last legs

The document, drafted ahead of the governing party’s policy conference later this year, poses the need for broader public-private collaboration

Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts

Electrical fault caused the fire at Denel’s Macassar plant, internal investigation finds

The fire started when melted substance from a light fitting ignited stored manufacturing material.

Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts

Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel

The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer…

Lynne Brown
2014 – 2018 (Photo by Thulani Mbele/Sowetan/Gallo Images/Getty Images)

Lynne Brown went with the wishes of the Guptas — state capture report

The former minister was found to have played a strategic role in ensuring the ground was fertile for the Guptas to plunder Denel

Denel’s R1.2bn loss from R6bn profit highlights dire state of state-owned companies

The second state capture report shows how the arms company went from a R35-billion order book to begging the treasury for cash to stay afloat

More recently, the government chose to relinquish its majority stakeholding in SAA, after it became the first parastatal to go into business rescue. (Delwyn Verasamy/M&G)

Public procurement law is not the problem – people are

The Zondo report delves into South Africa’s procurement web, as it tries to figure out why state-owned entities were able to be captured