Denel appoints new group chief executive

"We are looking forward to work with Mr Saloojee to provide direction to Denel and its subsidiaries in line with the company's vision, core values and strategic drivers," said Zoli Kunene, Denel board chairman. "Together, the board and management will continue with the implementation of the turnaround strategy that resulted in Denel posting its first profit in a decade in the 2010/11 financial year."

Denel also shares the government's commitment to the broader socio-economic upliftment of society especially in the fields of job creation, poverty alleviation, enterprise development and the growth of their technology skills base.