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DENEL Corporation
Denel SOC Ltd is a South African state-owned aerospace and military technology conglomerate established in 1992. It was created when the manufacturing subsidiaries of Armscor were split off in order for Armscor to become the procurement agency for South African Defence Force (SADF), now known as the South African National Defence Force (SANDF), and the manufacturing divisions were grouped together under Denel as divisions. It is the largest of South Africa's state owned arms companies. The company had been experiencing major financial problems since 2015 and in 2021 it was announced in Parliament that Denel was on the brink of insolvency. The company stated that its woes were due to declining local defence budgets, weakened relationships with key customers and suppliers, the inability to retain or attract skilled personnel, ongoing salary disputes and a Fitch ratings downgrade. History Denel was established as a state-owned industrial company under the Department of Public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denel Logo
Denel SOC Ltd is a South African state-owned aerospace and military technology conglomerate established in 1992. It was created when the manufacturing subsidiaries of Armscor were split off in order for Armscor to become the procurement agency for South African Defence Force (SADF), now known as the South African National Defence Force (SANDF), and the manufacturing divisions were grouped together under Denel as divisions. It is the largest of South Africa's state owned arms companies. The company had been experiencing major financial problems since 2015 and in 2021 it was announced in Parliament that Denel was on the brink of insolvency. The company stated that its woes were due to declining local defence budgets, weakened relationships with key customers and suppliers, the inability to retain or attract skilled personnel, ongoing salary disputes and a Fitch ratings downgrade. History Denel was established as a state-owned industrial company under the Department of Public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of South Africa
The Republic of South Africa is a parliamentary republic with three-tier system of government and an independent judiciary, operating in a parliamentary system. Legislative authority is held by the Parliament of South Africa. Executive authority is vested in the President of South Africa who is head of state and head of government, and his Cabinet. The President is elected by the Parliament to serve a fixed term. South Africa's government differs greatly from those of other Commonwealth nations. The national, provincial and local levels of government all have legislative and executive authority in their own spheres, and are defined in the South African Constitution as "distinctive, interdependent and interrelated". Operating at both national and provincial levels ("spheres") are advisory bodies drawn from South Africa's traditional leaders. It is a stated intention in the Constitution that the country be run on a system of co-operative governance. The national government is c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlas Oryx
The Atlas Oryx (named after the Oryx antelope) is a medium-sized utility helicopter ostensibly developed and manufactured by the Atlas Aircraft Corporation (now Denel Aeronautics) of South Africa. Its largest operator is the South African Air Force (SAAF), having been originally developed to fulfil their needs. Development of the Oryx commenced during the early 1980s, largely in response to the wartime demands of the Border War and the imposition of an arms embargo upon South Africa, which prevented the importing of foreign transport helicopters such as the Aérospatiale SA 330 Puma. Seeking to improve and augment the SAAF's existing fleet of rotorcraft, domestic industries examined means of improving the Puma helicopter. The Oryx is closely connected to the Denel Rooivalk attack helicopter, both rotorcraft being based on the Puma and development having been worked on in parallel around roughly the same time period. Following the conversion of a single Puma to the Oryx configur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rooivalk
The Denel Rooivalk (previously designated AH-2 and CSH-2) is an attack helicopter manufactured by Denel Aviation of South Africa. ''Rooivalk'' is Afrikaans for "Red Falcon", which refers to the lesser kestrel. Development of the type began in 1984 by the Atlas Aircraft Corporation, its development is closely connected to the Atlas Oryx transport helicopter, both aircraft being based on the Aérospatiale SA 330 Puma and having started development at the same time. Development of the Rooivalk was protracted due to the impact of limited budgets during the 1990s, and a desire to produce a highly advanced attack helicopter. The South African Air Force (SAAF) ordered 12 Rooivalk, designated the Rooivalk Mk 1 in SAAF service, the first of was officially handed over in April 2011. The helicopters are flown by 16 Squadron, based at AFB Bloemspruit near Bloemfontein. Development Origins The Rooivalk project began in early 1984 under the auspices of the Atlas Aircraft Corporation, a pred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975.551 History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 50 percent following expansions on an original acquisition in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The firm was founded by John Know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprises Of South Africa
In South Africa the Department of Public Enterprises is the shareholder representative of the South African Government with oversight responsibility for state-owned enterprises in key sectors. Some companies are not directly controlled by the Department of Public Enterprises, but by various other departments. Further, not all state owned entities are registered as companies. State-owned enterprises play a significant role in the South African economy. In key sectors such as electricity, transport (air, rail, freight, and pipelines), and telecommunications, SOEs play a lead role, often defined by law, although limited competition is allowed in some sectors (i.e., telecommunications and air). The government's interest in these sectors often competes with and discourages foreign investment. The Department of Public Enterprises minister has publicly stated that South Africa's SOEs should advance economic transformation, industrialization and import substitution. DPE has oversight resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division (organisation)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate entity, business owners create and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SANDF
The South African National Defence Force (SANDF) comprises the armed forces of South Africa. The commander of the SANDF is appointed by the President of South Africa from one of the armed services. They are in turn accountable to the Minister of Defence and Military Veterans of the Defence Department. The military as it exists today was created in 1994, following South Africa's first nonracial election in April of that year and the adoption of a new constitution. It replaced the South African Defence Force and also integrated uMkhonto we Sizwe (MK), and the Azanian People's Liberation Army (APLA) guerilla forces. History Integration process In 1994, the SANDF took over the personnel and equipment from the SADF and integrated forces from the former Bantustan homelands forces, as well as personnel from the former guerrilla forces of some of the political parties involved in South Africa, such as the African National Congress's Umkhonto we Sizwe, the Pan Africanist Congress' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African National Defence Force
The South African National Defence Force (SANDF) comprises the Military, armed forces of South Africa. The commander of the SANDF is appointed by the President of South Africa from one of the Military branch, armed services. They are in turn accountable to the Minister of Defence and Military Veterans of the Department of Defence (South Africa), Defence Department. The military as it exists today was created in 1994, following South Africa's first nonracial election in April of that year and the adoption of a new constitution. It replaced the South African Defence Force and also integrated uMkhonto we Sizwe (MK), and the Azanian People's Liberation Army (APLA) guerilla forces. History Integration process In 1994, the SANDF took over the personnel and equipment from the South African Defence Force, SADF and integrated forces from the former Bantustan homelands forces, as well as personnel from the former guerrilla forces of some of the political parties involved in South Africa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SADF
The South African Defence Force (SADF) (Afrikaans: ''Suid-Afrikaanse Weermag'') comprised the armed forces of South Africa from 1957 until 1994. Shortly before the state reconstituted itself as a republic in 1961, the former Union Defence Force was officially succeeded by the SADF, which was established by the Defence Act (No. 44) of 1957. The SADF, in turn, was superseded by the South African National Defence Force in 1994. Mission and structure The SADF was organised to perform a dual mission: to counter possible insurgency in all forms, and to maintain a conventional military arm which could defend the republic's borders, making retaliatory strikes as necessary. As the military expanded during the 1970s, the SADF general staff was organised into six sections—finance, intelligence, logistics, operations, personnel, and planning; uniquely, the South African Medical Service (SAMS) was made co-equal with the South African Army, the South African Navy and the South African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Defence Force
The South African Defence Force (SADF) (Afrikaans: ''Suid-Afrikaanse Weermag'') comprised the armed forces of South Africa from 1957 until 1994. Shortly before the state reconstituted itself as a republic in 1961, the former Union Defence Force was officially succeeded by the SADF, which was established by the Defence Act (No. 44) of 1957. The SADF, in turn, was superseded by the South African National Defence Force in 1994. Mission and structure The SADF was organised to perform a dual mission: to counter possible insurgency in all forms, and to maintain a conventional military arm which could defend the republic's borders, making retaliatory strikes as necessary. As the military expanded during the 1970s, the SADF general staff was organised into six sections—finance, intelligence, logistics, operations, personnel, and planning; uniquely, the South African Medical Service (SAMS) was made co-equal with the South African Army, the South African Navy and the South African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armscor (South Africa)
Armscor (stylized as ARMSCOR), the Armaments Corporation of South Africa is the arms procurement agency of the South African Department of Defence. It was originally established in 1968 as an arms production company, primarily as a response to the international sanctions by the United Nations against South Africa due to apartheid which began in 1963 and were formalised in 1977. History Until the 1970s, South Africa's apartheid government had placed a disproportionate emphasis on civilian law enforcement and the maintenance of internal security. However, a Cuban intervention in Angola, and the escalation of the South African Border War convinced the government that it faced a serious external threat. In 1978, the premiership was accepted by PW Botha, a former South African security chief, and defence expenditure spiraled upwards. Armscor, then a relatively new entity, was charged with modernising the arsenal of the South African Defence Force (SADF). This was a difficult task, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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