Embraer expands ties with South Africa, targeting sale of C-390 - Air Data News Embraer has been using as a sales pitch for its aircraft the promise of industrial partnerships with countries that sign contracts with it.

Embraer expands ties with South Africa, targeting sale of C-390. #C390 #Denel #Embraer #Millennium #SouthAfrica www.airdatanews.com/embraer-expa...

I was on SABC talking about why the coming State Asset Holding Company could dramatically reduce financing cost for South Africa’s SOEs #Eskom #SAA #Denel

youtu.be/0Mkp0b1AvVA

According to a Parliamentary written reply, #Denel has suffered a direct loss of R4,352m in the past five years icw corruption, fraud & bribery. R596,388 is being recovered through a settlement agr reached with the SIU & R1.6m is in the process of being recovered via a Court order.

𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗛𝗼𝗲𝗳𝘆𝘀𝘁𝗲𝗿 𝘀𝘁𝗮𝘁𝘂𝘀 𝘂𝗽𝗱𝗮𝘁𝗲

Project Hoefyster (new Badger infantry fighting vehicle (IFV)) has stalled since 2019 – mainly due to deviations from contracted specification and financial constraints within #Denel. Latest update.

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Another day of fires around the Cape... and 22 Sqn #SAAF has to sit it out with all Oryx grounded due to the impasse between SAAF and #Denel preventing essential spares to be made available.
Decades of under-funding and Govt neglect is coming home to roost.

Priorities people!

Hopefully sanity will prevail and the Oryx will be authorized assist with the fires as well as getting #Denel to urgently send new spares to get the 22 Sqn (Cape Town) Oryx flying again.
Thanks @kobusm94 for intervening.

Great story; how #Denel approved a R100m loan to Gupta company with only an address in a building above a nail salon

businesslive.co.za/fm/features/co…

2 great scoops in @bdlivesa this AM; more #Denel ructions and a new, high-speed data network

bdlive.co.za/business/indus… bdlive.co.za/business/techn…