Denel returns to profitability in early turnaround
State-owned SA arms manufacturer has made losses since 2015/16, after state capture opened door to corruption
22 June 2025 - 16:48
UPDATED 22 June 2025 - 23:23
After nearly a decade of loss-making, state-owned arms and aerospace manufacturer Denel has posted an unaudited R223m after-tax profit for its 2024/25 financial year, swinging from a loss of R550m the previous year.
The return to profitability was earlier than expected, group CEO Tsepo Monaheng told parliament’s joint standing committee on defence...
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