26 May

UASA and FEDUSA urged the Department of Public Enterprises to engage Treasury and other state entities such as the Department of Trade, ndustry and Competition and Department of Defence to find financial assistance for state-owned enterprise Denel, given the lack of funding required to execute any turnaround plan.

Denel cannot be allowed to fail as it is core to the Defence and Aerospace Masterplan adopted by government.

UASA, as an affiliate of FEDUSA, requested that FEDUSA set up a meeting on Monday, 10 May, with government stakeholders and senior management from Denel in order to discuss potential turnaround strategies.

FEDUSA‚Äôs Secretary-General Reifdah Ajam, UASA CEO, Jacques Hugo and representatives discussed issues affecting UASA members and other workers employed at the embattled SOE with Denel acting CEO William Hlakoane and Department of Public Enterprises Director-General Kgathatso Tlhakudi and others present at the meeting. 

UASA is hopeful that engaging the relevant state departments in combination with consideration given to the Defence and Aerospace Masterplan will culminate in a solution for the SOEs woes.

For the past year, Denel employees have been surviving on hope as they have not been receiving full salaries from Denel. Denel also recently informed employees of intended restructuring as part of their turnaround plan.

A discussion with organised labour has been scheduled for tomorrow, and hopefully the strategic plan will be tabled for our input.

UASA remains committed to discussions with Denel as we fight for the best interest of our members.

 For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.

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