Q&A’s for the Defence Sector, 2010
ANNEXURE B: PQ 337 ON DENEL STRATEGIC EQUITY PARTNERSHIPS (2006-2009)
ANNEXURE A: PQ 337 ON DENEL DISPOSAL ASSETS & BUSINESSES (2006-2009)
(a) 2006
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Entity/Asset
|
Buyer
|
Comments
|
Price
|
|
Irenco (Pty) Ltd (plastics business)
|
Venture Otto SA (Pty) Ltd
|
Non-core & loss making
|
R6 000 000
|
|
Observer Technologies (business unit of Irenco)
|
Meridean Commercial and Industrial (Pty) Ltd
|
Non-core & loss making
|
R2 480 000
|
|
Voltco (business unit of Denel Optronics)
|
Keliza Outsourced Services Group (Pty) Ltd
|
Non-core
|
R3 500 00
|
|
Dendustri (division)
|
Macdonald Steel SA (Pty) Ltd
|
Non-core
|
23 000 000
|
|
Ariviakom (Pty) Ltd
|
Eskom & Transnet
|
Non-core. Denel’s shareholding of 22.98% was disposed of
|
R130 000 000
|
(b) 2007
|
Entity/Asset
|
Buyer
|
Comments
|
Price
|
|
Property portfolio of
|
Public Investment Corporation
|
Non-core property
|
R230 000 000
|
(c) 2008
|
Entity/Asset
|
Buyer
|
Comments
|
Price
|
|
Specialised Protein Products (Pty) Ltd
|
Neosho Trading (pty) Ltd
|
Non-core & loss making
|
R21 100 000
|
|
Denel Optronics - PCB
|
ENCEE Engineering (Pty) Ltd
|
Non-core
|
R1 380 208
|
|
Denel Optronics – Machine shop
|
Micromax (Pty) Ltd
|
Non-core
|
R5 350 000
|
|
Villa Unit 27,
|
Transglobal Cargo (Pty) Ltd
|
Non-core property
|
R530 000
|
|
PMP Pretoria West property
|
Silver Meadow Properties 142
|
Non-core property
|
R35 786 000
|
|
Property portfolio of
Engen filling station property, Castle Walk
|
Engen
|
Non-core property – portion excluded from PIC transaction
|
R2 300 000
|
|
|
ACSA (Airports company of )
|
Non-core
|
R606 000 000
|
(d) 2009
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