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

early childhood education toy libraries

Cape Town’s Transformative Toy Libraries: Revolutionizing Early Childhood Development

Cape Town’s toy libraries are changing how young children learn by creating fun and exciting places to play and grow. With 24 vibrant libraries, kids can explore new stories and play with educational toys that help them develop important skills. Educators also benefit, gaining access to helpful resources that enhance teaching methods. This initiative not only supports children’s growth but also encourages a love for learning that can last a lifetime. As these libraries thrive, they inspire communities everywhere to embrace the joy of learning through play.

wastewater management urban sustainability

Innovative Urban Water Management: Embracing Wastewater Package Plants

Wastewater package plants are small, smart facilities that help cities manage dirty water in a cleaner way. They are easy to install and can be placed where big treatment plants can’t go, making them super useful for crowded urban areas. Recently, a workshop brought together many people to learn how to set up and run these plants, highlighting their importance for public health and the environment. By using these innovative systems, cities can boost their economies while making sure they take care of our precious water resources.

illegal mining south africa

Confronting Illegal Mining in South Africa: A Complex Battle

South Africa is fighting against illegal mining with a strong team of police, soldiers, and private security. They’ve recently targeted a large group of about 6,500 illegal miners in Ekurhuleni, where hidden tunnels and makeshift homes showed the extent of this underground world. While these operations can push miners away temporarily, true solutions need to address the economic struggles that drive people to these risky jobs. The goal is to create lasting change that not only protects the environment but also offers communities new opportunities for a better life.

fireworks policy public safety

Balancing Tradition and Safety: Cape Town’s Fireworks Policy

Cape Town is getting ready for exciting celebrations like Diwali and Guy Fawkes Night, but there are important rules about fireworks! To keep everyone safe, people must get permission from the police and have their event checked by the Fire and Rescue Service. While many love the colorful displays, some worry about noise and the danger to pets and wildlife. As the city balances fun traditions with safety, it’s clear that thoughtful celebrations can light up the sky without causing chaos below.