Denel chasing orders worth R35 billion

A Denel Seeker UAV and Casspir armoured personnel carrier.State owned defence company Denel is pursuing orders worth R35 billion and hopes to grow its revenue to more than R7 billion over the next five years, targeting primary markets in Africa, the Middle East, South America and the Asia-Pacific.

The company expects half of its future orders to come from Africa, including within South Africa, and intends to create a long-term order book of more than five times its turnover. Denel has R22 billion worth of contracts to fulfil over the next seven to ten years.

Riaz Saloojee, Denel Group Chief Executive, told the Parliamentary Portfolio Committee on Public Enterprises that the company is modernising its products to give them a global appeal, from artillery, unmanned aerial vehicles and maintenance services.

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