Denel CEO Zwelakhe Ntshepe has resigned from the arms manufacturer. Ntshepe’s resignation comes after leaks that Denel gave North West Premier Supra Mahumapelo’s son an R1.1-million bursary to become a pilot. It was reported at the time that Denel had bent the rules to suit Supra Mahumapelo’s son. Oarabile Mahumapelo missed the Denel cut-off date to apply for a bursary and regardless of this, a bursary of R1.1-million was approved for him to study. It covers tuition fees, flying, accommodation, food, and laundry for the 17 months of the successful course. To worsen the situation, it was at an institution not permitted for funding by the government. Defence and aviation are not on the list of authorised study fields. Zwelakhe Ntshepe purportedly signed the contract. Denel confirmed that Mahumapelo’s son was one of three students from three provinces. Michael Kgobe is appointed as an interim CEO and head of aeronautics by Denel’s board. Public Enterprises Minister Pravin Gordhan wants Denel to investigate a bursary given to the North West premier’s son.
Collins Ndlovu: Johannesburg: The South African economy needs to diversify if it is going to meet the needs of its young growing population, despite President Cyril Ramaphosa’s call for seeking 100 Billion Dollars Foreign Investment over the next five years. The South African problem is structural and the first is that patterns of the economy […]
Collins Ndlovu: Johannesburg: The “ Lions of the North” will be back to roar in the Premiership Soccer League (PSL) next season after Highlands Park gained promotion back to the elite league after just one season in National First Division(NFD). The Premier Soccer League (PSL) will hand over the trophy to the National First Division […]
Collins Ndlovu: Johannesburg: despite its several attempts to resolve the tarnished image, it keeps getting worse for the embattled auditing firm KPMG which did an external audit for VBS bank. Jn a deepening crisis at the auditing firm, the Auditor- General Kimi Makwetu announced late on Tuesday afternoon that it was terminating all public sector […]