Denel Dynamics CEO’s Disciplinary Process Continues Amidst Allegations

by
1 min read
denel ceo disciplinary process

The Department of Public Enterprises (DPE) has expressed disapproval of the suspended Denel Dynamics CEO, Mr. Sello Ntsihlele’s attempts to disrupt attention from his ongoing internal disciplinary process. Ntsihlele has made unfounded allegations against Minister Pravin Gordhan and the department, trying to involve them in the matter.

Denel Dynamics is under a state-owned enterprise (SOE) that has faced corruption and state-capture issues. Despite Ntsihlele’s attempts, the disciplinary process remains within the jurisdiction of the Denel board. The board is expected to carry out their duties without interference and focus on stabilizing the organization.

DPE’s Support to Strengthen Denel’s Strategic Focus

Recognized as a strategic national security and industrial asset, Denel has received the DPE’s support through various initiatives aimed at strengthening the SOE, refining its strategic focus, and ensuring it has necessary human resources to implement its turnaround plan.

In the 2022/23 fiscal year, Denel submitted a detailed plan with a realistic business case and strategic objectives. To support Denel’s restoration of strategic and sovereign capabilities, the Minister of Finance announced a recapitalization of R3.4 billion in his October 2022 Medium-Term Budget Policy Statement.

Denel’s Ongoing Initiatives

With the recapitalization, Denel can fully execute its turnaround plan, assisting the Department of Defence (DOD) and the South African National Defence Force (SANDF) in securing the nation’s strategic defence and supply of defence capabilities. In addition to the ongoing disciplinary process, the Denel board has initiated the process of appointing a Group CEO and CFO – positions vacant for over two years.

Encouragingly, Denel’s order book for the 2023/24 financial year is substantial, standing at R18.37 billion. Furthermore, expected total sales are projected to reach R2.08 billion, a significant increase from the R1.08 billion in the 2022/23 fiscal year.

In summary, the Department of Public Enterprises remains committed to the disciplinary process of the suspended Denel Dynamics CEO, despite his attempts to divert attention from the matter. The DPE continues to support Denel in its efforts to strengthen its strategic focus and implement its turnaround plan, ultimately benefiting the nation’s security and defence capabilities.

Tags:

You might be interested in

A Russian-Spanish journalist and Cape Town native, channels his lifelong passion for South Africa into captivating stories for his local blog. With a diverse background and 50 years of rich experiences, Serjio's unique voice resonates with readers seeking to explore Cape Town's vibrant culture. His love for the city shines through in every piece, making Serjio the go-to source for the latest in South African adventures.

View all

Leave a Reply

Your email address will not be published.

solar energy incentive programs
Previous Story

Cape Town sees surge in rooftop solar PV applications

western cape government european union
Next Story

Strengthening Relations and Tackling Challenges: Highlights from the Western Cape Cabinet Meeting

Latest from Blog

heritage restoration culinary innovation

Breathing New Life into the Past: Vergenoegd Löw The Wine Estate’s Remarkable Reinvention

Vergenoegd Löw The Wine Estate in South Africa has undergone a decadelong restoration that blends its historic Cape Dutch designs with contemporary influences. The estate features two restaurants, including Geuwels, which offers a fresh twist on South African cuisine, and Clara’s Barn, which serves daily fivecourse menus based on local heritage recipes. The property’s conservation initiatives have earned it the distinction of a WWF Champion. Its ecofriendly farming practices include using Indian Runner ducks and Dexter cattle to naturally manage pests and fertilize the soil.

public housing investment

A New Dawn: Woodlands, MPlain’s Public Housing Revolution Invites R1,2 Billion Investment

The city of Woodlands in Mitchells Plain is undergoing a public housing revolution, with an investment of R1.2 billion over the next three years aimed at revitalizing public housing upkeep and refurbishments. Councillor Carl Pophaim has formulated a strategy to combat rampant vandalism in public housing units, encouraging tenants to report any acts of vandalism and allocating more teams to emergency tasks. This investment is about more than just replacing staircases; it signifies progress towards a future of safety, dignity, and community unity.

infrastructure vandalism emergency response

Immediate Measures to Combat Infrastructure Vandalism in Schaapkraal: An Emergency Response

Schaapkraal, a locality in Cape Town, is facing a crisis due to rampant vandalism of infrastructure, especially electricity supply. The City of Cape Town has adopted a nononsense attitude towards the desecration of electricity infrastructure and is working with stakeholders to find longterm solutions for durable infrastructure. Safety is a top priority, and residents are urged to report suspicious activities to protect their community’s vital assets. The City’s electricity teams, in partnership with relevant stakeholders, are proactively working to combat the alarming levels of vandalism and ensure the durability of Schaapkraal’s infrastructure.

sleep diet

Deciphering the Diet-Sleep Relationship: The Key to Better Sleep

Did you know that what you eat could be affecting the quality of your sleep? Studies have shown that consuming large amounts of sugar, saturated fats, and processed carbs can cause interruptions in your sleep cycle and leave you feeling lethargic. On the other hand, foods like bananas, dairy products, pineapple, avocados, boiled eggs, and herbal teas can enhance your sleep quality and help you get a good night’s rest. So, nourish your body with the right foods and sleep well!

eskom energy availability factor

A Revolutionary Transformation: Eskom’s Strides in Energy Availability

Eskom, South Africa’s national power corporation, has achieved a significant improvement in energy availability, with an Energy Availability Factor (EAF) of 70.78%, ending nearly three years of struggle with power supply. This progress is credited to the initiatives implemented by the current Eskom board, including solidifying the management team, implementing performancebased incentive bonuses, and identifying critical power stations requiring immediate attention. Eskom’s dependence on Open Cycle Gas Turbines (OCGTs) has also lessened due to the improved performance of its coal fleet, resulting in lower diesel usage and greater efficiency. The contribution of businesses and renewable energy sources also signals a hopeful outlook for the future of South Africa’s energy sector.