Sunday, June 1, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

AMD and SAAMDEC AGMs postponed due to post-election negotiations

Simon Osuji by Simon Osuji
June 7, 2024
in Military & Defense
0
AMD and SAAMDEC AGMs postponed due to post-election negotiations
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


DCD’s Springbuck APC – proudly South African in line with the AMD vision for the local defence industry.

The South African Aerospace, Maritime and Defence Industries Association (AMD), together with its Export Council (SAAMDEC), are postponing their annual general meetings while the African National Congress (ANC) negotiates with other political parties to form a government of national unity.

AMD Executive Director and SAAMDEC CEO Sandile Ndlovu in a communique to AMD on 7 June reminded members that the AGMS were due to take place on 13 June. “The AMD AGM is an elective one, where we are due to elect and confirm the Board that will lead and guide the Association for the next coming two years.”

However, as the 2024 National and Provincial Elections did not produce a clear winner, and as such South Africa will be governed through a coalition government for the first time in 30 years, “the delay in the constitution of a government presents challenges that we, as an Industry, have not dealt with before. And as such, it would be prudent to – strategically – delay our AGMs until such time that the political dust has settled and we have a government in place.”

The defence and security portfolios in government are due for a shakeup, as Thandi Modise will not be returning as Defence Minister, nor Bheki Cele as Police Minister. Modise’s deputy Thabang Makwetla is also a no-show on the new parliamentary list.

Related posts

Ukraine Expands Evacuations in Sumy Amid Offensive Fears

Ukraine Expands Evacuations in Sumy Amid Offensive Fears

June 1, 2025
Hensoldt may sell off South African Optronics division

Hensoldt may sell off South African Optronics division

June 1, 2025

Also missing when Parliament sits for the first time after the 29 May election are Cyril Xaba and Mamagase Nchabeleng, co-chairs of the Joint Standing Committee on Defence (JSCD) and the Portfolio Committee on Defence and Military Veterans (PCDMV).

Due to the ongoing government of national unity negotiations, the AMD Board is proposing to move the AGMs to the right. “The AGMs will be convened once all the (industry) relevant appointments, such as MOD/NCACC [Minister of Defence/National Conventional Arms Control Committee], have been made,” Ndlovu stated.

“The new date will still fall within the stipulated timeframe within which our AGMs should be held. We trust that our members will find the above decision in order,” Ndlovu concluded.

AMD was due to elect a permanent chairperson, after Nombasa Ndhlovu resigned late last year, after two years in the post. She was replaced by Michelle Nxumalo as acting Chairperson. Nxumalo is no stranger to the sector and has been instrumental to the South African defence industry, having previously served AMD for ten years. She was Marketing Manager and Exhibition Director for Africa Aerospace and Defence 2022.



Source link

Previous Post

Top 10 least productive countries in Africa

Next Post

Rehabilitation of Lower Sundays Canal delayed after recent floods

Next Post
Rehabilitation of Lower Sundays Canal delayed after recent floods

Rehabilitation of Lower Sundays Canal delayed after recent floods

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

African Vaccination Week 2025: Big Catch-Up and vaccine introduction to boost South Sudan’s health

African Vaccination Week 2025: Big Catch-Up and vaccine introduction to boost South Sudan’s health

1 month ago
President El-Sisi Meets Eritrea’s Minister of Foreign Affairs

President El-Sisi Meets Eritrea’s Minister of Foreign Affairs

2 months ago
BRICS Creating a New Currency to Replace the U.S. Dollar Is Laughable

Former Treasury Secretary Predicts Future of the US Dollar

2 years ago
Europe’s Big Tech Hawks Brace for a Post-Biden Future

Europe’s Big Tech Hawks Brace for a Post-Biden Future

7 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.