BizNews BizNews Radio

How the Gupta's hijacked arms manufacturer Denel

Loading player...
State arms manufacturer Denel went from a financial position of hundreds of millions in profit, a mere seven years ago, to technically insolvent today. It can't pay staff and its electricity was recently disconnected by the Tshwane municipality for being R2.4m in arrears. What helped push this state-owned entity to the brink of collapse was the capturing of its board in 2015 by the Gupta enterprise, assisted to an extraordinary degree by former Public Enterprises Minister Malusi Gigaba and his successor Lynne Brown. Michael Appel provides a digestible summary of part II of Zondo's second report. Learn more about your ad choices. Visit megaphone.fm/adchoices
14 Feb 2022 5AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min
All episodes