What does Denel company do?
Denel’s purpose is to: supply the South African defence and security environment with strategic technology capability, products, services and support; leverage indigenous capability to access selected export markets; contribute to the socio-economic imperatives of government, such as job creation, skills development …
What is Denel South Africa?
Denel is the largest manufacturer of defence equipment in South Africa and operates in the military aerospace and landward defence environment. Incorporated as a private company in 1992 in terms of the South African Companies Act (No 62 of 1973), Denels sole shareholder is the South African Government.
How much is Denel worth?
In 2019 Denel requested capitalisation by the shareholders and government to the value of R2. 8 billion. The business was recapitalised by R1. 8 billion on 31 August 2019.
What products does Denel produce?
Denel
| Type | State-owned enterprise |
|---|---|
| Products | Missiles Cruise missiles Attack Helicopters Transport Helicopters UAVs Armoured vehicle turrets Glide bombs Artillery systems Ammunition |
| Revenue | R 2.729 billion (FY 2020) |
| Operating income | R -1.5 billion loss (FY 2020) |
| Net income | R -1.9 billion loss (FY 2020) |
Does Denel make economic profit?
In economic terms, Denel’s revenue was R3. 8 billion compared to R5. 8 billion in 2017/18. The net profit/loss was R1749 million compared to R1053 million in 2017/18.
Why Denel is a monopoly?
Denel can at present, without doubt, be regarded as a public monopoly. The absence of competition can thus induce the monopolist to decrease production and so to increase prices.
Why is Denel a monopoly in South Africa?
Denel is thus a public firm doing business as a private company and its core business is defence, i.e. development, manufacturing, research, etc of armaments and related systems/products. Denel can at present, without doubt, be regarded as a public monopoly.
Can Denel be considered a monopoly in South Africa?
Yes, it can be regarded as a monopoly. Denel was founded as a private company, but due to the nature of its major industry, weaponry, it cannot be considered a typical consumer-oriented corporation.
Who is the CEO of Denel?
Denel Appoints Mr William Hlakoane As Interim Group Chief Executive | Denel SOC Ltd. Denel has appointed Mr William Hlakoane as the acting Group Chief Executive Officer effective 22 February 2021. This is subsequent to Mr Talib Sadik’s contract coming to an end.
Why is Denel a monopoly?
Is Denel an artificial monopoly?
Denel (Pty) Ltd was established as a private company, incorporated in terms of the Companies Act on 1 April 1992 with the State as the sole shareholder. Denel can at present, without doubt, be regarded as a public monopoly.
Is Denel a monopoly market?
What does Denel mean in the defence industry?
It supplies systems and consumables to end users as well as sub-systems and components to its industrial client base. Denel also has a number of equity partnerships, joint ventures and cooperation agreements with renowned international players in the defence industry. What does Denel mean?
What kind of company is Denel SOC Ltd?
Unsourced material may be challenged and removed. Denel SOC Ltd is a South African state-owned aerospace and military technology conglomerate established in 1992.
Who is the current Chief Executive Officer of Denel?
Denel also has a number of equity partnerships, joint ventures and cooperation agreements with renowned international players in the defence industry. What does Denel mean? Denel has appointed Mr William Hlakoane as the acting Group Chief Executive Officer effective 22 February 2021.
What are some of the products of Denel?
Denel has developed a number of notable products, such as: The Rooivalk attack helicopter. The Atlas Oryx utility helicopter. The Umkhonto vertical launched air defence missile.
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