Story thread · 2 reports / 2 sources

President Ramaphosa visits Denel as turnaround plan takes root

sanews.gov.za · 11dShare

President Ramaphosa visits Denel as turnaround plan takes root President Cyril Ramaphosa this week undertook a guided tour of Denel facilities in Johannesburg and Tshwane, ahead of the Africa Aerospace and Defence (AAD) 2026 Expo. “The President’s visit to Denel’s operations in the City of Johannesburg and Tshwane follows a commitment he made during his visit to the Denel stand at the 2024 Africa Aerospace and Defence (AAD) show to visit the company’s operations. “The visit…provides an opportunity to assess Denel Aerospace’s capabilities and contribution to South Africa’s defence industry and national security,” the Presidency said in a social media post on X, on Wednesday. The President toured the facilities alongside Defence and Military Veterans Minister Angie Motshekga. The visit comes as the state-owned defence equipment manufacturer has faced challenges. However, with a turnaround strategy in place, Denel is turning a corner. Denel's 2025/2026 financial results reported a 15% inc

First report: News24 | Denel, US military contractor call truce in R125m fight over Cheetah fighters — news24.com, 13d