South African state owned aerospace and defence technology conglomerate, Denel SOC, has announced the formation of Spaceteq, a new business unit within Denel Dynamics, set to focus on the satellite and space engineering sector. The initiative is inline with the South African government's Departments of Science & Technology (DST) and Trade & Industry (DTI) call to exploit high-technology manufacturing niches, among which is satellite production.
Tuesday, September 24, 2013
Wednesday, August 14, 2013
■ SOUTH AFRICA: Gigaba seeks greater cooperation between Denel Aviation, SAA Technical & SAExpress Technical.
South African Minister of Public Enterprises, Malusi Gigaba, says he has directed the board of state-owned aerospace and defence technology conglomerate, Denel, to develop a long term Africa-centric growth strategy which will involve Denel Aviation collaborating with fellow parastatals, SAA Technical and SA Express Technical. The move falls in line with the Ministry's goal of developing Denel into a global player in the defence industry and to become a preferred supplier and prime contractor for the Department of Defence’s large programmes as well as for the African Continent.
Thursday, July 25, 2013
■ SOUTH AFRICA: Denel SOC posts strong $7.3million net profit for 2012/13 Financial Year as revenue grows 10%.
South African state owned aerospace and defence technology conglomerate, Denel SOC Ltd, has posted a net profit of USD7.33million (ZAR71million) for its most recent 2012/13 financial year, buoyed by a 10% increase in revenue - thanks in part to an increase in demand for its products in Africa, the Middle East, Asia-Pacific and South America - a restructuring of its debt and a reduction in its expenditure.
Wednesday, July 24, 2013
Tuesday, March 26, 2013
■ SOUTH AFRICA: Denel Aviation to open sub-Saharan Africa's first Russian Helicopters MRO facility in due course.
Denel Aviation, a division of South Africa's government-backed Denel Corporation, is to unveil the first MRO facility in sub-Saharan Africa catering for Mil and Kamov military and utility helicopters, both of which are manufactured by Moscow-based Russian Helicopters.
Wednesday, January 16, 2013
■ SOUTH AFRICA: No last minute reprieve for 523 Denel AMG employees as SAAF confirms contract will not be renewed.
Denel Aviation is to proceed with the laying off of 523 employees (538 according to Denel) from its MRO division, Aero Manpower Group, and Denel Personnel Solutions, come 31 March after the South African Air Force (SAAF) confirmed during the first retrenchment consultation that it would not be renewing its contract.
Monday, December 10, 2012
523 aircraft maintenance specialists at Denel Aviation’s Aero Manpower Group, the MRO division of the South Africa's government-backed Denel Corporation, are to be retrenched as a result of the South African Air Force (SAAF) deciding against renewing its contract with the firm, set to lapse next year.
Monday, September 24, 2012
South Africa, and Africa's, largest exhibition of air, sea and land capability, Africa Aerospace and Defence (AAD) 2012, swung into action today at Air Force Base (AFB) Waterkloof near Pretoria, South Africa.