Ina Opperman
Business Journalist
6 minute read
12 Aug 2021
5:10 pm

Denel turnaround plan: Will government and SANDF come to the rescue?

Ina Opperman

A defence industry insider says Denel has good products and new items in development but the planned turnaround needs full government support.

Denel has unveiled what it calls "far-reaching steps" to ensure the weapons manufacturer’s sustainability, saying that a streamlined and refocused Denel will be a sustainable business and return to profitability within the next five years through comprehensive restructuring. “We are determined to turn Denel around and repurpose it while retaining the core capabilities required to meet South Africa’s strategic security requirements,” said William Hlakoane, interim group chief executive. ALSO READ: Unpaid Denel workers killing themselves, living out of their cars Full government support required A defence industry insider, who asked not to be named, said this was possible as Denel...