Five board members named by Public Enterprises Minister Lynne Brown in July 2015 as “a rotation” have resigned, leaving five nominated members and three top Denel executives to run the state-owned defence and technology conglomerate.
Soon after the new board, headed by Dan Mantsha, was named, one of its first decisions in September 2015 was to suspend the then chief executive Riaz Saloojee along with chief financial officer, Fikile Mhlonto, and company secretary Elizabeth Africa.
Speaking during the recent release of Denel’s financial results for the 2016/17 year, acting chief executive Zwelakhe Ntshepe announced the resignation of the five.
They are Tau Mahumapelo, Nonyameko Mandindi, Nkopane Motseki, Refiloe Mokwena and Thamsanqa Msomi.
This leaves the board comprising Mantsha as chair, retired lieutenant general Themba Nkabinde, Khumbudzo Ntshaveni, Pinkie Mahlangu, Mpho Kgomongoe and acting chief executive Ntshepe as members along with recently permanently appointed chief financial officer Odwa Mhlwana and company secretary Vuyo Xaxa.