The appointment of a new board of directors at the ailing state-owned arms manufacturer, Denel was the first step in ensuring that good governance was restored and that processes that had led to state capture were reversed, Public Enterprise Minister Pravin Gordhan said on Monday. Gordhan announced the appointment of an entirely new interim board for the arms manufacturer, headed by former Airports Company SA (Acsa) CEO Monhla Hlahla. Gordhan said Hlahla had spent a large part of her career in the infrastructure sector, starting in 1994 at the Development Bank of Southern Africa. Other interim board members are: Zoli Kunene, Tshilidzi Marwala, General TT Matanzima, Gloria Serobe, Talib Sadiq, Sue Rabkin, Sibusiso Sibisi, Cheryl Carolus, Nonzukiso Siyotula, Thami Magazi and Martin Mnisi. In March, a few days after Gordhan was appointed public enterprise minister, Denel board chairman Daniel Mantsha resigned. Mantsha has been implicated in allegations of state capture. Gordhan said th...
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