Parliament’s Select Committee on Public Enterprises and Communication has been briefed by Public Enterprises Deputy Minister Phumulo Masualle and Denel acting CEO Talib Sadik about the State-owned defence industrial group’s financial and legal problems. They told the parliamentarians that Denel was inefficient, both operationally and structurally, that it needed to cut its costs, and that its programme management, cash management and revenue generation all required reform. Denel had failed to pay, or underpaid, its employees since May 2020, despite a court order that it should do so. According to the trade union Uasa, Denel directors had, however, been receiving their full salaries.
Denel is in a deep crisis, parliamentary committee told
2021-02-19T13:32:11+00:00February 19th, 2021|