Re­struc­tur­ing of Denel to sus­tain the busi­ness turn­around

SP's MAI - - CORPORATE -

De­fence man­u­fac­turer, Denel, has ini­ti­ated a re­align­ment of com­pa­nies in the group that will lead to sav­ings, in­creased ef­fi­cien­cies and more ef­fec­tive cor­po­rate gov­er­nance. “Our ob­jec­tive is for Denel to be man­aged and per­ceived as one, in­te­grated busi­ness,” says the Group Fi­nan­cial Di­rec­tor, Fik­ile Mhlontlo. He says an in­te­grated Denel will strengthen the com­pany’s abil­ity to re­tain its po­si­tion as South Africa’s premier man­u­fac-

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