Ten months after firing its group CFO, state-owned arms manufacturer Denel has appointed seasoned chartered accountant Carmen le Grange to the position.

In November, Denel fired Odwa Mhlwana after he was found guilty of all disciplinary charges relating to irregular expenditure. At the time the company appointed Wim de Klerk, former CEO of ArcelorMittal SA as acting CFO, while it started the process of finding a permanent replacement. ..

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