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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WATCH: Neymar stretchered off in tears vs Marseille

first_imgPSG Neymar in doubt for Real Madrid clash after being stretchered off in tears vs Marseille Sabrina Belalmi Last updated 1 year ago 16:03 2/26/18 FacebookTwitterRedditcopy Comments(16) Neymar, PSG Getty PSG Neymar PSG v Olympique Marseille Olympique Marseille Ligue 1 The Brazilian star has not fractured his ankle and doctors also ruled out a serious sprain but he faces a spell on the sidelines after Sunday’s injury Paris Saint-Germain star Neymar was stretchered off in the second half against Marseille on Sunday after appearing to twist his ankle, although doctors have ruled out serious damage to the joint.The Brazilian had his head in his hands and appeared to be in tears as he was carried off the pitch, leading to fears he could face a long spell on the sidelines. The 26-year-old was attempting to play a ball in the 76th minute and after a tangle with Marseille midfielder Bouna Sarr, he landed awkwardly on his ankle and fell over in pain.  Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Neymar’s status for #PSG against Real Madrid will be in question after this nasty ankle injury … pic.twitter.com/krFQTavVgG— Goal (@goal) February 25, 2018PSG were up 3-0 at the time of the injury and won the match by the same scoreline, despite having to play the rest of the match with 10 men after using all of their substitutions. The Ligue 1 leaders face Real Madrid in the second leg of their Champions League last-16 tie on March 6, trailing 3-1 from the first leg. First reports from the American Hospital, where Neymar was treated in the company of team-mates Maxwell and Marquinhos, were positive for the star. Neymar was cleared of suffering a fracture or serious sprain in his ankle, and his health will be monitored in the coming 48 hours. At the very least he is expected to miss a week of action for PSG, with further tests expected to determine the severity of his injury.With their talisman’s status in doubt and just 10 days until the match at Parc des Princes, PSG’s chances of advancing to the quarter-final have become even more slim after having lost 3-1 to at the Santiago Bernabeu on February 14.Neymar ankleNeymar posted a picture of his ankle in a brace after the match to his Instagram account, with the message: “Ended up like this today.” He gave no indication of the severity of the problem.Team-mates Edinson Cavani and Thiago Silva both spoke out over the injury after the final whistle, and expressed their hopes that the Brazilian has not been seriously hurt.”It’s normal to worry about Neymar and see how his situation is. And if there is an injury, it’s normal to worry about it,” Cavani signalled to Canal+.”But we are always positive. And I hope he too. I hope everything is going well. That he can recover as soon as possible and be with us in the next matches.”Silva added: “It’s a pity that at the end we lost a very important player for us. It’s a shame, because it’s not football.”The referee should have intervened. Neymar plays and is happy to play. It’s true that things like that happen. If it’s serious? I think so, because it swelled up quickly. I am not a doctor, but I think he will be unavailable.”Boss Unai Emery was more optimistic, however, stating in his press conference: “First tests in the dressing room show he has a sprained ankle. We will conduct other test to be more precise. If I have to make a guess about [his availability for] Real Madrid tonight, I’d say he would be present.”Neymar has scored 20 goals in 20 Ligue 1 matches this season, his first in the French top flight after moving from Barcelona in a world-record summer transfer.last_img read more

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BSY likely to meet PM during Delhi visit on Aug 6

first_imgBengaluru: Karnataka Chief Minister B S Yediyurappa is likely to meet Prime Minister Narendra Modi, Vice President Venkaiah Naidu and several union ministers on August 6, his office said Saturday.In his first visit to Delhi after taking over as chief minister, Yediyurappa will hold a dinner meeting with MPs and union ministers representing Karnataka and have discussions on state specific issues and development related projects. According to a tentative tour schedule of the chief minister released by his office, Yediyurappa will leave for Delhi on August 5 night and next morning meet the vice president following which a meeting with prime minister Modi has been scheduled.last_img

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Tony Martell Founder Of The TJ Martell Foundation Dies at Age 90

first_imgTony Martell, who founded the TJ Martell Foundation for leukemia, cancer and AIDs research in honor of his son T.J. who died after battling leukemia at the age of 19, has died.Tony Martell speaks at this years T.J. Martell Foundation New York Honors Gala held in OctoberMartell died in Madison, New Jersey at his home on Sunday, November 27, 2016. He was 90 years old.Tony Martell was a music industry senior executive from the 1960s to the 1990s working with musicians who covered a wide range of musical styles including jazz, rock, soul, pop, blues and heavy metal. His experience as an A&R Director, Record Label Vice President and Record Label Head could not eclipse his profound commitment to honoring the promise he made to his son many years ago – to find a cure to help others.Founded in 1975, the T.J. Martell Foundation has raised over $270 million dollars for innovative scientific research at flagship hospitals in the United States. Under Martell’s leadership the foundation has become the music industry’s largest foundation which funds innovative research focused on finding cures for leukemia, cancer and AIDs. Memorial plans will be announced soon. He is survived by his daughter Debbie Martell of Florham Park, NJ.last_img read more

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