https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Business|Denel|Financial|Flow|Resources|Technology|Equipment|Flow|Maintenance|Products|Services|Solutions
Business|Denel|Financial|Flow|Resources|Technology|Equipment|Flow|Maintenance|Products|Services|Solutions
business|denel|financial|flow-company|resources|technology|equipment|flow-industry-term|maintenance|products|services|solutions
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

SOLIDARITY: Solidarity wants to offer solutions to Denel’s financial crisis

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

SOLIDARITY: Solidarity wants to offer solutions to Denel’s financial crisis

Photo by Reuters

20th June 2019

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Solidarity on Tuesday submitted a memorandum that contains implementable proposals to Denel Chief Executive, Dr Danie du Toit, as a contribution to find viable solutions to the many financial challenges Denel currently faces.

This comes after Solidarity had conducted an extensive survey among its members at Denel on the challenges the Group is facing including corruption, financial mismanagement and cash flow constraints that have reached near crippling levels.

Advertisement

Based on the survey, the Solidarity Research Institute (SRI) identified five broad concerns pertinent to the Group’s current crises. According to Johan Botha, Solidarity’s deputy general secretary, the most prolific concern revolves around the appointment, management and structuring of the organisation’s human resources.

Botha pointed out that the concern ranked second highest in the survey relates to suppliers and procurement. “Members feel that the procurement process is driven by politics rather than by the quality of the products or services being obtained. Many of the products could have been sourced in house or otherwise through private companies.”

Advertisement

Another area of major concern relates to the maintenance and utilisation of technology, equipment and facilities. “There is a clear concern among our members that certain assets are being retained at major cost to the Group while those assets do not contribute to the Group’s turnover,” Botha said.

Members also identified the level of red tape involved in processes currently in use in the organisation as a major concern. “Members feel that red tape stands in the way of managers being able to implement strategies that could be of financial benefit to the group. They also feel that red-tape does not allow their voices to be heard,” Botha indicated.

According to Botha, members also identified a clear need to work more closely with the private sector in all forms of business, and this need warrants attention.

“Solidarity’s members at Denel have indispensable institutional knowledge, experience and skills to offer that can certainly contribute to the Group’s revival, if put to good use. It is for this reason that we decided to establish a knowledge pool to harness this knowledge to come up with proposals to make Denel profitable again,” Botha said.

“Solidarity firmly believes it has a role to play to achieve a turnaround at Denel and ultimately, its growth,” Botha concluded.

 

 

Issued by Solidarity

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now