Question NW3931 to the Minister of Public Enterprises
27 December 2017 - NW3931
Dlamini, Mr MM to ask the Minister of Public Enterprises
(1) Whether the Government or Denel engaged with any (a) countries and/or (b) companies regarding selling stakes in Denel; if so, (i) who was engaged and (ii) on what dates were they engaged in each case; (2) whether the Government intends to sell its stakes in Denel; if not, what is the position in this regard; if so, what are the relevant details?
Reply:
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(1) |
(a) |
Denel has an order book with the United Arab Emirates (UAE) and recently entered into a Memorandum of Understanding (MoU) with Qatar for possible future business prospects. |
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(b) |
Denel has not engaged with any companies regarding selling stakes in Denel. |
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(i) |
Not applicable |
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(ii) |
Not applicable |
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(2) |
The Government has no plans at this stage to dispose of any equity stake in Denel. However, in reviewing and optimizing Denel’s capital structure, such a decision cannot be ruled out. |
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