Denel heading 'down the shoot' without international buyer

Saudi Arabia has made a bid for a broad partnership with State-owned defence group Denel.

The partnership would include an acquisition of a minority stake in a joint venture with Germany’s Rheinmetall.

So is Denel on the market?

Military and Defence Analyst at Jane's Defence Weekly, Helmoed Heitman says only the government can decide.

The reality is, if Denel doesn't find an international partner it will go down the shoot.

Helmoed Heitman, Military and Defence Analyst at Jane's Defence Weekly 

READ: Denel's interim board to give an update on liquidation in 7 days

The tragedy of it is that Denel was on the verge of making real money until it got messed up in the last couple of years.

Helmoed Heitman, Military and Defence Analyst at Jane's Defence Weekly 

ALSO READ: Why the Gupta family's alleged deal with Denel is dubious

I don't see it pulling itself out of trouble by itself, even with SA government backing.

Helmoed Heitman, Military and Defence Analyst at Jane's Defence Weekly 

Listen to the full conversation below...


Recommended

by NEWSROOM AI
Read More
Sars office operated with skeleton staff to allow union meeting, says caller

Sars office operated with skeleton staff to allow union meeting, says caller

Senior citizen 'Ruth' called in to the John Maytham show to say a Sars office was depleted after announcement of union meeting.

Why did security fail when CCTV cameras picked up train-fire suspects?

Why did security fail when CCTV cameras picked up train-fire suspects?

EWN's Kaylynn Palm reports on Transport Minister Fikile Mbalula's presser after 18 carriages burnt out at Cape Town Station.

Minister Pravin Gordhan to visit Rheinmetall Denel Munition plant on Friday

Minister Pravin Gordhan to visit Rheinmetall Denel Munition plant on Friday

A memorial service was held in Macassar on Thursday to remember the workers that lost their lives during the blast on Monday.

Family of Denel 8 asked to give DNA samples to identify victims

Family of Denel 8 asked to give DNA samples to identify victims

The cause of the explosion at Rheinmetall Denel Munition plant on Monday is still unknown.

CoCT statement on Denel explosion 'reckless', says Metalworkers Union

CoCT statement on Denel explosion 'reckless', says Metalworkers Union

Liberated Metalworkers Union of South Africa says the City's statement isolates those who are injured and those who lost their lives.

Denel explosion cause still under investigation

Denel explosion cause still under investigation

State Security Minister Dipuo Letsatsi-Duba gives an update on the Somerset West blast at Denel.

Popular articles
Want to start a small business? Lessons from a successful serial entrepreneur...

Want to start a small business? Lessons from a successful serial entrepreneur...

The Money Show’s Bruce Whitfield interviews Nic Haralambous, founder (at the cost of R5000!) of funky sock company Nic Harry.

Considering emigration? Financial planner discusses the affordability of leaving

Considering emigration? Financial planner discusses the affordability of leaving

Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.

'SAA’s collapse plays nicely into hands of a politically constrained Ramaphosa'

'SAA’s collapse plays nicely into hands of a politically constrained Ramaphosa'

After dithering for fear of spending political capital, SAA is now out of the President’s hands, says Pieter du Toit (News24).

There is no Ubuntu in how Khanya Cekeshe has been treated - Thuli Madonsela

There is no Ubuntu in how Khanya Cekeshe has been treated - Thuli Madonsela

Former public protector says the eight-year sentence was too harsh and it shouldn't matter that he was not a Wits student.

‘South Africans are getting poorer and poorer because of politics’

‘South Africans are getting poorer and poorer because of politics’

SAA is a classic example, says Isaah Mhlanga, Chief Economist at Alexander Forbes Investments.

[VIDEO] People in amusement park thrown off ride in Thailand goes viral

[VIDEO] People in amusement park thrown off ride in Thailand goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How to make your first R1 million (after that it just becomes so much easier)

How to make your first R1 million (after that it just becomes so much easier)

Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...