• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Appointments of senior executives at SOEs can no longer be left to politicians: State Capture Report

2 February 2022, 5:54 AM  |
Tshepo Mongoai Tshepo Mongoai |  @SABCNews
Denel's entrance of their business division in Pretoria, South Africa.

Denel's entrance of their business division in Pretoria, South Africa.

Image: Reuters

Denel's entrance of their business division in Pretoria, South Africa.

The second volume of the State Capture Report released on Tuesday found that appointments of senior executives at state-owned entities can no longer be left solely in the hands of politicians.

The latest report focuses on transactions at Denel and Transnet.

The report has questioned how the once internationally regarded state owned Denel was brought to its knees to the point where it is facing liquidations and insolvencies.

In its findings and recommendations, the commission flags the appointment of members of the board and CEO’s at state companies as a matter of serious concern.

It says politicians failed dismally to appoint people with integrity.

The report recommends that Denel, the Department of Public Enterprises and the Companies and Intellectual Property Commission (CIPC) should consider bringing appropriate proceedings against some of the directors at Denel.

It further recommends that a body be established tasked with identifying, recruiting and selecting the right people for the jobs.

Daniel Mantsha and Lynne Brown

The report also found that former Denel chairperson Daniel Mantsha together with former Public Enterprises Minister Lynne Brown played a key role in aiding State Capture at Denel.

The report recommends that law enforcement agencies should conduct investigations with a view of possible prosecution of members of the 2015 Board of directors at Denel.

According to the report, the 2015 Board of Directors of Denel led by Mantsha failed to carry out their fiduciary duties when they suspended top performing executives.

The commission recommends Denel, the Department of Public Enterprise and CIPC consider bringing court proceedings against Mantsha and other former directors declaring them delinquent or under probation.

Mantsha was a key player in aiding State Capture at Denel as he campaigned to get rid of effective executives to capture Denel for the Gupta’s.

Hulls, DLS Single Source and DVS Single Source contracts

The report further found that the Hulls, DLS Single Source and DVS Single Source contracts were all irregularly awarded to VR Laser and in breach of Section 217 of the Constitution.

The commission recommended that the Legal Practice Council be made aware of the findings against Mantsha so that they can conduct their own investigations.

The council should also determine whether he is “fit and proper” to practise as an attorney.

Below is the second volume of the State Capture Report:

Share article
Tags: DenelState CaptureTransnetState Capture report
Previous Post

Tunisia fire coach Kebaier after Afcon exit

Next Post

Stats SA to begin with ‘Census Night’ on Wednesday

Related Posts

The logo of MTN is pictured in Abuja, Nigeria, September 11, 2018.

Naledi Pandor calls MTN, Ghana to resolve $773 mln tax dispute

28 January 2023, 3:29 PM
Workers disgruntled over low wages and changes to terms and conditions of employment, go on strike outside a Massmart Holdings owned Makro store in Johannesburg, South Africa, November 19, 2021.

Contingency plans in place at Makro stores amid wage strike

28 January 2023, 11:42 AM
[File photo] A worker harvests grapes at the Domaine Pinson vineyard in Chablis, France, September 21, 2021.

Grape farmers face more challenges amid rolling blackouts

28 January 2023, 8:21 AM
Eskom says stage 4 will be implemented in the evenings from 16:00pm until 05:00am over the weekend.

Eskom loadshedding at stage 3

27 January 2023, 11:05 PM
Electricity pylons are seen along the cooling tower of the defunct Orlando Power Station in Soweto.

More South Africans join calls for national state of disaster to address electricity crisis

27 January 2023, 9:01 PM
The union members will picket outside Makro stores across the country for ten days.

SACCAWU workers down tools at Makro stores nationwide

27 January 2023, 3:17 PM
Next Post
Census fieldworkers.

Stats SA to begin with 'Census Night' on Wednesday

Most Viewed

  • 24hrs
  • Week
  • Month
  • Scorcher predicted in Northern Cape for two weeks
  • Residents shut down Komani over power woes
  • ANC slams DA’s march to Luthuli House
  • No registration fee will be charged to NSFAS-funded students: Nzimande
  • Limpopo man arrested after discovery of his wife’s body in water-filled pit toilet
  • Parts of the Northern Cape to be exempted from rolling blackouts
  • VIDEO | St Benedict College’s Matric learner gets 11 distinctions
  • Limpopo matriculant from child-headed household attains diploma pass
  • Female circumcision practice thriving in Eastern Cape
  • Premier denies claims that KZN government spent millions on Mampintsha’s funeral
  • Limpopo man arrested after discovery of his wife’s body in water-filled pit toilet
  • Gas leak shut, isolated in Pretoria North
  • Mahlengi Bhengu replaces Pule Mabe as ANC chief spokesperson
  • EFF cuts ties with IFP in KwaZulu-Natal
  • Malema calls on South Africans to reject Just Energy Transition

LATEST

Jacob Zuma
  • South Africa

Decision on Judge Koen on recusal matter in case involving Zuma to be heard on Monday


Models present creations at the Gucci Fall/Winter 2023/2024 menswear show in Milan, Italy January 13, 2023.
  • Lifestyle

Gucci names De Sarno as creative director with the task of reviving the brand


People carry a banner reading " We are also teaching fighting" as school workers demonstrate for better salaries and working conditions, in Lisbon, Portugal January 28, 2023.
  • South Africa

Tens of thousands of teachers march in Lisbon to demand better pay and conditions


The Lebombo Border Post between South Africa and Mozambique.
  • South Africa

Stolen cars recovered near Mozambican border


South Africa's Foreign Minister Naledi Pandor shakes hands with Russia's Foreign Minister Sergei Lavrov, ahead of their bilateral meeting in Pretoria, South Africa, January 23, 2023.
  • Politics

DA slams SA government for defending the military exercise with Russia


Crew members signal to a F/A-18E Super Hornet fighter jet preparing to take off for a routine flight on board the U.S. USS Nimitz aircraft carrier during a routine deployment to the South China Sea, Mid-Sea, January 27, 2023.
  • World

US four-star general warns of war with China in 2025


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous Tunisia fire coach Kebaier after Afcon exit
Next Stats SA to begin with ‘Census Night’ on Wednesday