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.

Newsletter

Stay Informed • Cape Town

Get breaking news, events, and local stories delivered to your inbox daily. All the news that matters in under 5 minutes.

Join 10,000+ readers
No spam, unsubscribe anytime

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

Medical Prodigy South African Education

A Teenager in a White Coat: How One Student Shattered South Africa’s Medical Age Record

{“summary”: “Imagine a whiz kid, David Obagbuwa, who started high school at 11 and became a doctor at just 21! He shattered South Africa’s medical age record, proving that a sharp mind and hard work can achieve amazing things. From classrooms in KwaZuluNatal to intense medical studies, David tackled every challenge. Even during lockdown, he quickly mastered his courses. Now, he’s ready to help people, showing that big dreams can come true, no matter how young you are.”}

Cape Epic Disability Inclusion

Martian Dust, Carbon ankles & a R4-million Promise: Inside the 2026 Cape Epic’s Mobility Rebellion

Get ready for the 2026 Cape Epic, but this isn’t just any bike race! Three special teams, using amazing robotic legs and carbon ankles, will tackle the tough trails. They’re racing to raise R4 million to buy 200 new prosthetic limbs, 150 wheelchairs, and 50 sports blades for people in South Africa who need them. Every pedal stroke helps someone gain freedom and move again, showing that movement is for everyone, not just a few. This epic journey turns sweat into hope, changing lives one kilometer at a time.

Cape Town Extortion

Cape Town’s Shadow State: How Extortion Became the New Township Taxman

Cape Town has a big problem: bad guys are shaking down businesses and projects for money. They act like “taxmen” in townships, making building costs shoot up and forcing small shops to close. These criminals cause fear, stop important work, and even kill people who get in their way. It’s like a shadow government taking over, making life hard for everyone and costing the city tons of money. People are scared, and it’s unclear how this dangerous situation will ever truly end.

Firefighting Leadership

The Woman Who Taught Cape Town to Breathe Under Fire

Arlene Wehr taught Cape Town how to fight fires like a boss! She was one of the first women firefighters and totally changed the game. Arlene created cool new ways to find water, like “Operation Liquid Grid,” and made sure everyone had a chance to become a firefighter, even women. Because of her, Cape Town is safer, and the fire department is much more welcoming to all.

Morea House luxury hotel

Morea House: Where the Atlantic Meets Art, Granite and Ghost-Nets

Morea House is Cape Town’s first fancy Marriott hotel, born from an old 1960s building. It shines with blushpink walls and art made from old fishing nets, making it feel truly special. This hotel is all about local beauty, from its design to its food, and even how it saves the planet. Imagine rooftop pools, unique spa experiences, and rooms where you wake up to amazing views. It’s a place where every detail tells a story of the ocean and the land, making your stay unforgettable.