Engineering News reports that trade union Solidarity will hold the first of several auctions of state-owned defence company Denel’s assets on Friday, 15 July 2022 at Denel's head office, in Centurion.

Solidarity seized the assets earlier this year owing to Denel’s failure to pay about R90-million in debt to its members in terms of a court order. The union said the seizure and auctioning of assets was the only option after Denel violated several agreements between the parties. Solidarity’s Helgard Cronjé indicated: “This auction covers only a small part of our claim, but this is merely the first phase. We have also seized Denel Corporate’s bank account and more auctions will follow until we finally obtain the full amount.” Some employees at Denel had to make do with only partial and sometimes no salary payments for more than two years. “Denel has taken away far too much from our members. It is unacceptable that ordinary workers have to sacrifice their livelihoods simply because of the indecision and negligence of the company’s shareholder, the State. This is intolerable and steps must be taken against this. The message is now clear: If Denel does not want to pay, then we will get our members their due through the seizure and auctioning of Denel’s assets,” Cronjé commented.

• Read the full original of the report in the above regard at Engineering News
• Read Solidarity’s press statement in regard to this matter at Solidarity News

Get other news reports at the SA Labour News home page