After funding was denied, some members of Denel’s board quit, official says
‘When [funding] was not forthcoming, they felt that they could not stay on,’ Kgathatso Tlhakudi says
03 March 2021 - 14:11
A series of resignations from the board of directors of state-owned defence company Denel is linked to funding not being made available in the government’s 2021 budget, a senior official told Reuters on Wednesday.
“There were expectations from the board that there will be funding made available in the budget speech,” said Kgathatso Tlhakudi, director-general of the department of public enterprises. “When that was not forthcoming, they felt that they could not stay on.”..
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