Ongoing

  1. ElectionsHot
  2. US mid-termsHeating up
  3. AICooling
NewsbriefSouth Africa, briefly.
JoburgJHB29°69%
CTCT21°90%
PretoriaPTA33°75%
DurbanDBN30°20°

Denel revenue rises 15.8% in 2025/26 annual report

Published

The state-owned defence company reported revenue of about R1.473 billion, up from R1.272 billion a year earlier, and cash generated from operations also improved. Chief executive Tsepo Monaheng said liquidity and financial controls remain problems.

Monaheng spoke to the Portfolio Committee on Defence and Military Veterans about the 2025/26 Annual Report. He said: "We are under no illusion about the challenges that remain, particularly around liquidity, financial controls and operational sustainability."

Monaheng said Denel has made important progress in stabilising the organisation and rebuilding its foundations. He said the recovery must be measured by better delivery, stronger financial management and sound governance. He also said Denel must turn market opportunities into lasting revenue and cash flows.

Denel said its pipeline of business opportunities exceeds R30 billion. It said closer alignment with the Department of Defence and Military Veterans, the SANDF and Armscor gives it a platform to strengthen its strategic role.

Key facts

Who
Tsepo Monaheng (Denel Group Chief Executive Officer); Denel (state-owned aerospace and defence entity)
What
Denel reported a 15.8% rise in revenue to about R1.473 billion in its 2025/26 Annual Report, with cash generated from operations also improving. CEO Tsepo Monaheng said the turnaround still faces challenges, particularly around liquidity, financial controls and operational sustainability.
When
11 October 2026
Where
South Africa
Status
Reported

Related stories

Elections Hot

What you need to know

Voting in the 2026 Local Government Elections is under way at 23,696 stations, and the Electoral Commission of South Africa (IEC) reported a smooth start on 4 November. Stations opened at 7am and close at 9pm, and by 10am preliminary figures showed 3,523,691 voters had cast ballots.

There were problems: unused ballot papers were stolen from Mnyameni Secondary School near Durban, police opened a case, and the IEC relieved the station staff of duty. Some voters in Tshwane said they were turned away for wearing party shirts, but the IEC denied this and said only mayoral candidates' entourages were barred.

ANC chairperson Gwede Mantashe told members not to query the results or discredit the IEC, while the IEC said false online claims show routine procedures as fraud.

  1. BOSA's Solomons flags one-ballot problem at Cape Town voting stations
  2. Mashatile urges new councillors to put voters first
  3. IEC dismisses MK Party worry about dead people on voters' roll

See every update

US mid-terms Heating up

What you need to know

Democrats won back both the US House and Senate in the midterm elections held on 3 November, according to media projections. Exit polls showed voters were angry about high prices and the direction of the country, and rebuked President Donald Trump.

Before the vote, US forces struck targets on Qeshm Island in Iran, while Republicans struggled to defend the war against Iran on the campaign trail. Iranian officials said US voters rejected the war, and Tehran stayed on high alert for possible new US strikes.

Markets reacted, with the dollar hitting a one-month low and the rand firming to around R16.55, as analysts pointed to fears of gridlock in Washington.

  1. Iran welcomes Democratic wins in US midterm elections
  2. Democrats win US Congress in midterm vote, projections show
  3. Ramaphosa wants US trade deal after AGOA suspension

See every update

AI Cooling

What you need to know

Nvidia has told its cloud computing clients to sell at least 51% of their services to non-Chinese companies, according to five people with knowledge of the matter. Anthropic said it has committed to spend close to $900bn on AI infrastructure, and that its computing costs are rising faster than its revenues.

Elsewhere, reports from unnamed sources say OpenAI's latest funding round is falling short of expectations, and a judge let the NAACP pollution case against xAI proceed. In South Africa, the VAST AI investment scheme went offline on 30 October after withdrawals marked approved did not arrive, according to a news investigation.

  1. Accenture faces accusations over AI report with false citations
  2. CrowdStrike to buy two AI security startups
  3. Google lets schools turn off AI tools but limits Search

See every update