FERIAL HAFFAJEE: Gordhan ends Zuma era of no-name-brand SOE boards
Essa is said to have had a personal hand in choosing the boards
Pinch me. The acclaimed businesswoman Monhla Hlahla is now chairwoman of the Denel board, ending the crony reign of Dan Mantsha at the state arms company. Mantsha was struck off the attorneys' roll in 2007 but still landed up as Denel chairman and adviser to former communications minister Faith Muthambi. He enjoyed the largesse of the Gupta family, as did his fellow board member Nkopane "Sparks" Motseki, who benefited from a tranche of personal shares in the family's Shiva uranium mine. Public Enterprises Minister Pravin Gordhan this week announced a new interim board at Denel, bringing to four the number of state-owned enterprises that have been cleaned up after the era of capture under the administration of former president Jacob Zuma. Under Mantsha, the Gupta network attempted to illegally privatise significant swathes of Denel's intellectual property and equity into an Asian offshoot called Denel Asia, majority-owned by the family's lieutenant (or, more accurately, lootenant) Sa...
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