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

psl kaizer chiefs

The Premier Soccer League Showdown: Kaizer Chiefs vs. Sundowns

Get ready for the Premier Soccer League showdown between Kaizer Chiefs and the Sundowns. The Chiefs face a defensive dilemma due to a suspension and injury predicament that could shake their defence. With pressure mounting, the Chiefs will need to navigate the challenge with tactical acumen and athletic tenacity to secure a victory.

water conservation community collaboration

A Testament to Teamwork: The Hout Bay Rivers Catchment Forum’s Crusade for Water Conservation

The Hout Bay Rivers Catchment Forum is a shining example of community collaboration and teamwork. They work towards improving the health of the catchment area and conserving water by fostering cooperation among various stakeholders. In addition to monitoring and reporting pollution, the forum also provides valuable strategic contributions to find solutions. Their combined efforts with the City have resulted in the creation of the Hout Bay Pollution Abatement Strategy and Action Plan, which has already shown promising results in improving water quality. Friends of the Rivers of Hout Bay also play a vital role in eliminating litter and waste from the river, providing employment to locals and promoting sustainability. Overall, the HBRCF’s journey is one of collaboration, persistence, and sustainable solutions that can inspire other communities to make a difference.

extortion cape town

A Sinister Underbelly: Extortion Threatens Cape Town’s Stability

Extortion has become a profitable way for criminal organizations to amass wealth in Cape Town, with a significant growth in the illegal extortion market due to the Covid19 pandemic. Victims are often too afraid to speak out, exacerbating the situation. Cape Town has initiated several initiatives to combat the crisis, but a comprehensive approach is needed to restore faith and confidence in the city. Recent investigations have revealed the sinister reality hidden beneath the city’s scenic charm, with construction mafias posing a persistent threat to municipal projects.

rugby japan

Kwagga Smith: A Rugby Icon Boosting the Game in Japan

Kwagga Smith is a South African rugby player who is currently playing for the Shizuoka Blue Revs in Japan. He has been instrumental in boosting the growth of rugby in Japan, with the sport’s popularity reflected in substantial game turnouts. Despite enticing offers from other countries, Smith chose to remain loyal to the Shizuoka Blue Revs due to the favorable balance between club and international rugby that Japan offers. His personal journey is a testament to the rise of rugby in Japan and his unwavering pursuit of passion.

south africa umkhonto wesizwe party

Unsettling Developments Unearthed in South African Political Scene

Allegations of signature forgery have rocked South Africa’s Umkhonto weSizwe (MK) Party, initiated by former President Jacob Zuma, causing uncertainty over its leadership and impact on upcoming elections. The forgery operation allegedly involved illegally obtaining personal information from the Cape Metro Council’s database and using it to fabricate signatures. The revelations coincide with Zuma’s decision to oust highranking party members, adding fuel to the fire of discord within the party.