STATE CAPTURE
Lynne Brown beats Denel's board to top jobs
The public enterprises minister’s rapid appointments rob a new board of an opportunity to appoint its own executive team amid scrutiny over Gupta links
Public Enterprises Minister Lynne Brown moved swiftly on Thursday to make permanent the acting appointments of the CEO and chief financial officer of state-owned arms manufacturer Denel, amid pressure to replace the board by the end of December. In doing so Brown, who faces scrutiny for her role in facilitating the capture of state-owned enterprises, has robbed a new board of an opportunity to appoint its own executive team. It comes as Brown and Zwelakhe Ntshepe, whom she appointed CEO, face scrutiny over their links to the Gupta family and their role in the state-capture project. Acting chief financial officer Odwa Mhlwana was also permanently appointed. The Denel board, in particular chairman Daniel Mantsha, has repeatedly tried to boost business relations with the Gupta family, both directly and through their associate Salim Essa.On Wednesday, in briefings in Parliament on the medium-term budget policy statement, it came to light that lenders had given the Treasury a warning tha...
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