According to the information received from DENEL
1. (a) Denel has materially implemented the first two phases of the turnaround which is the stabilise and sustain phases, starting with the growth phase.
(b) The turnaround plan will be implemented over a three- year period: 2022/23 financial year to 2024/25 Financial year.
2. (a) Denel has implemented the stabilise and sustain phase.
(b) The total amount for the completion of the implementation of the turnaround plans forms part of the recapitalisation allocated to Denel SOC Ltd.
3. The funding for the growth phase was included in the recapitalisation allocated to Denel SOC Ltd in 2023.
4. (a) R4 406m (Secured Order Book) and R16 580m (Order Pipeline/Winnable Projects) at the end of Dec 2023.
(b)
YEAR |
Order Book/Backlog (Rm) |
Order Pipeline/ Intake Rm |
Dec 2019 |
17 487 |
8 290 |
Dec 2020 |
13 240 |
11 650 |
Dec 2021 |
11 977 |
8 316 |
Dec 2022 |
8 862 |
9 414 |
Dec 2023 |
4 406 |
16 580 |
Remarks: Reply: Approved / Not Approved/ Comments
Jacky Molisane P J Gordhan, MP
Acting Director-General Minister of Public Enterprises
Date: Date