Denel ‘moving beyond weaponry’

first_img5 June 2013South African state-owned aerospace and defence technology company Denel is looking to diversify its offerings, moving beyond weaponry and opening exports to new markets, in order to reduce its dependency on government funding, the company said on Tuesday.“We are not [just] in the business of selling products. The partnerships that we are involved in, for example with Brazil [and the] United Arab Emirates, are testament that these business relations will be based on something more fundamentally sustainable than selling products,” Denel CEO Riaz Saloojee told reporters at a briefing in Irene, south of Pretoria.Reducing dependence on the taxpayerThe company was reducing its dependency on government funding, Saloojee said.“We don’t want to continue to be a burden on the South African taxpayer. But the fact of the matter is that there are certain strategic capabilities that will have to be funded.”Saloojee would not elaborate on these capabilities, saying it was between the company and the defence department.“That will be in the public domain when we agree on what are those capabilities.”The briefing was meant to give an overview of Denel’s growth, after the company made marginal profits in the past few years.Saloojee attributed previous low profit margins to slow global economic growth and the government’s policy on defence spending. Historically, Denel had sold products, and there was a lack of understanding or commitment to life-cycle support and ensuring skills support.Hi-tech manufacturing, researchThe company was taking a new direction, he said. An engineering bursary scheme and a Denel academy had been established for internship programmes and producing artisans and technicians.In the current financial year, Denel had invested R530-million in research and development. Through its high-tech manufacturing section, Denel brought in excess of R1.7-billion into the South African economy.Saloojee said Denel had also gone beyond providing the SA National Defence Force with technology, and now used its unmanned aerial vehicle systems (UAVS) for border control, detecting veld fires and fighting rhino poaching.Regarding the latter, UAVS flew above national parks and had the capacity to take video footage and relay information in real time to law enforcement officials on the ground.Exporting to new marketsSaloojee said Denel had opened a centre of excellence during the BRICS (Brazil, Russia, India, China and SA) summit earlier in the year. The centre performed maintenance, repair and overhaul services on both military and civilian helicopters manufactured by Russian Helicopters.“Our strategy is to grow the company’s revenue through diversification, exporting to new markets, and entering into new partnerships – both locally and overseas”, he said.The Middle East, Africa, South America and the Asia-Pacific regions had been identified as strategic markets for the company.An order book of R21-billion had been confirmed over the next three to eight years, Saloojee said.Denel was currently finalising a contract to produce 264 infantry combat vehicles. The company was also involved in the design and development of a complex missile system in partnership with Brazil and Abu Dhabi.Saloojee also announced that a Seeker 400 UAVS would soon undergo its final testing phase.Sapalast_img read more

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Ex-NBA player Rasual Butler, wife die in Los Angeles crash

first_imgSlow and steady hope for near-extinct Bangladesh tortoises Coroner’s Assistant Chief Ed Winter said the 38-year-old Butler and 31-year-old Leah LaBelle Vladowski were pronounced dead at the scene. Autopsies are pending, as of this posting.Butler was drafted in 2002 by the Miami Heat and played for a total of eight NBA teams including the Los Angeles Clippers, Chicago Bulls, and San Antonio Spurs.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutButler’s wife was an R&B singer signed to Epic Records. She placed 12th on the third season of “American Idol” in 2004.            /kga 2 dead in California school attack; gunman shoots self PLAY LIST 03:122 dead in California school attack; gunman shoots self01:48NBA: Kawhi, George seek more for Clippers than beating Lakers00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Kammuri turning to super typhoon less likely but possible — Pagasa Brace for potentially devastating typhoon approaching PH – NDRRMC View comments LATEST STORIES Typhoon Kammuri accelerates, gains strength en route to PH MOST READ Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers 2 ‘newbie’ drug pushers fall in Lucena sting Don’t miss out on the latest news and information. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Read Next In this July 19, 2015 photo, NBA player Rasual Butler (left) and singer Leah LaBelle (right) attend The Players’ Awards presented by BET at the Rio Hotel & Casino in Las Vegas, Nevada. (Gabe Ginsberg/Getty Images for BET/AFP)LOS ANGELES — Former NBA forward Rasual Butler and his wife were killed in a single-vehicle rollover crash in Los Angeles.The crash happened around 2:30 a.m. on Wednesday in the Studio City area and left a swath of damage along a major thoroughfare.ADVERTISEMENT Alaska whips Phoenix fivelast_img read more

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