Denel has noted media reports with regards to the National Treasury (NT) views on the new venture company Denel has entered into as a vehicle to penetrate the Asia-Pacific markets.

Chapter 3 of the Constitution enjoins all spheres of government, including organs of state like the NT and Denel SOC, to co-operate with one another in mutual trust and good faith. That includes an expectation to always deal with matters of mutual interest internally and underpinned by principles of cooperative governance and inter-governmental relations.

Denel SOC will continue to engage with NT directly to ensure that any misunderstanding between Denel and the NT about the Denel Asia joint venture is resolved amicably.

In relation to the suspended employees, we confirm that disciplinary proceedings are underway, and on completion of these processes, Denel will be in a better position to make the necessary announcements.

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For further information, contact:

Vuyelwa Qinga (Ms)

Group Executive: Communication & Public Affairs
Cell: +27 (0) 82 686 2198
email: pamm@denel.co.za

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