Denel, the biggest producer of defence gear in South Africa, has introduced the resignation of its Group Chief Government Officer, Danie du Toit.
Du Toit will proceed to render his providers till 15 August, whereas an interim Group CEO can be appointed shortly.
Denel mentioned on Monday that its board has taken far-reaching steps to stabilise the enterprise and put together the bottom for long-sustainability.
In a press release, Denel mentioned:
“The turnaround plan is specializing in defending promising enterprise traces, disposing of non-core belongings, and looking for strategic companions to extend entry to worldwide markets, contribute expertise and funding to a worthwhile Denel.
Denel stays an progressive defence, safety and associated know-how options firm, offering options of defence, safety and associated applied sciences, to purchasers each home and worldwide.”
Denel SOC Ltd is a state-owned, commercially-driven firm and strategic associate for progressive defence, safety and associated know-how options. It teams collectively a number of defence and aerospace divisions and related firms.