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: Pretoria: The country’s president Cyril Ramaphosa visited the late struggle stalwart’s family on Thursday to pay tribute to the former minister. Ramaphosa on Thursday announced that the late Doctor Zola Skweyiya will, like Winnie Madikizela Mandela receive state funeral. Ramaphosa went on to say that it was not only because Skweyiya had in […]
Tom Moyane faces 12 charges of alleged wrongdoing in violation of his responsibilities interrelated to his supervision of accusations against Jonas Makwakwa, making unlawful bonus payments, misleading Parliament and instructing a SARS official not to cooperate with an inquiry by audit firm KPMG. Tom Moyane had requested the president Cyril Ramaphosa to support that he […]
The government has noted Fitch’s decision to affirm South Africa’s long term foreign and local currency credit ratings at ‘BB+’, and maintain a stable outlook. In a statement released by National Treasury on Friday, the government said the proactive steps it is taking towards economic growth are starting to bear fruit. “Collaboration with government, business, […]