Denel chose Gupta-linked VR Laser Asia as a joint venture partner to exploit opportunities in the Asia-Pacific defence market because the company is willing to commit substantial resources and has access to the required defence capability. This was the explanation given on Wednesday to MPs serving on the public enterprises committee by the state-owned arms manufacturer’s acting chief financial officer, Odwa Mhlwana. Mhlwana and Denel acting chairman Daniel Mantsha were grilled by MPs about whether the state-owned company had been captured by the Guptas.
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