CFO Profile: Fikile Mhlonto | Denel
Fikile Mhlontlo | Chief Financial Officer | Denel
Fikile Mhlontlo - current Chief Financial Officer of Denel - has been working for Denel since 2008. In role of CFO, Mhlontlo has guided Denel from a confused, loss-making public enterprise to a successful, profit-making company which focuses on international business more and more. Mister Mhlonto has successfully cutted costs, improved efficiency and improved ratios.
Mister Mhlontlo says that strong relationships are the key to his approach. This goes for relationships with banks, government departments and action groups, as well as the relationship with his own employees. According to Mhlonto, Denel's international image is superior. The strategy of decentralization and parterning has worked wonders," he says. For his work as the CFO of Denel, Mhlonto has been nominated for CFO Awards 2015.
Nationality: South African
CFO Since: October 2008
October 2008 - Present: FD at Denel (Pty) Ltd - Denel (Pty) Ltd
1996 - 2008: DirectorPartner - Ernst & Young|
University of Transkei/Universiteit van Transkei - Honours Degree, Accounting Sciences
University of Transkei/Universiteit van Transkei - B Compt, Accounting
Greenville Senior Secondary Senior Certificate
Denel SOC Ltd., through its subsidiaries, designs, develops, and manufactures defense equipment. It offers sheet metal and machined components for the aircraft industry; ammunition filling plants; artillery projectiles and carrier rounds, including pre-fragmented and rocket assisted projectiles; artillery propulsion products; towed and self-propelled artillery guns; brass products and ammunition components; energetic materials and ball powders; heavy caliber, hunting, and sporting ammunition products; and light weapons, including machine guns, mortar weapons, anti-materiel rifles, rapid fire guns, etc. The company also offers mine action and contrabands; missiles and standoff weapons, including air-air, ground-air, anti-armor, and long-range standoff weapons; ammunition for naval guns; hand and rifle grenades, high and low velocity grenades, and range of other pyrotechnical products; small and medium caliber ammunition products; turrets for armored vehicles; unmanned aerial vehicles; aero structures for original equipment manufacturers and other aero structure suppliers; and optical payloads. In addition, it offers infantry systems, combat turrets, small arms, protected mobility systems, brass and copper strips, percussion caps, mining drill-bits, and power cartridges and cutting charges; and systems and consumables to end users, as well as sub-systems and components to industrial client base. Further, the company's services include in-flight testing and evaluation of missiles and aviation systems for aerospace industries; maintenance, repair, overhaul, refurbishment, and upgrade services for fixed and rotary wing aircraft in military and civilian services; landmine removal and contraband detection services to commercial clients; and a training institute. It serves customers in South Africa and internationally. Denel SOC Ltd was founded in 1992 and is based in Irene, South Africa.