Solidarity wants to offer solutions to Denel’s financial crisis
20 June 2019
Solidarity on Tuesday submitted a memorandum that contains implementable proposals to Denel Chief Executive, Dr Danie du Toit, as a contribution to find viable solutions to the many financial challenges Denel currently faces.
This comes after Solidarity had conducted an extensive survey among its members at Denel on the challenges the Group is facing including corruption, financial mismanagement and cash flow constraints that have reached near crippling levels.
Based on the survey, the Solidarity Research Institute (SRI) identified five broad concerns pertinent to the Group’s current crises. According to Johan Botha, Solidarity’s deputy general secretary, the most prolific concern revolves around the appointment, management and structuring of the organisation’s human resources.
Botha pointed out that the concern ranked second highest in the survey relates to suppliers and procurement. “Members feel that the procurement process is driven by politics rather than by the quality of the products or services being obtained. Many of the products could have been sourced in house or otherwise through private companies.”