Rapport newspaper reported at the weekend that the state-owned armaments company‚ forced recently to borrow money to pay salaries‚ had "bent the rules" to award the bursary to Mahumapelo. According to the newspaper Denel CEO Zwelakhe Ntshepe personally signed the contract.
Public Enterprises Minister Pravin Gordhan described the allegations as serious and asked the newly appointed Denel board to institute an internal investigation.
Last week‚ Gordhan announced the appointment of an entirely new board for Denel. In March‚ a few days after Gordhan was appointed public enterprises minister‚ Denel board chairman Daniel Mantsha resigned. Mantsha has been implicated in allegations of state capture.
- BusinessLIVE