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Public Enterprises Minister Pravin Gordhan on Monday announced the appointment of an interim board for South Africa’s cash-strapped state-owned arms manufacturer, Denel.
Monhla Hlala, former chairperson of the Airports Company of South Africa, has been appointed board chair, according to a statement from the ministry.
The rest of the interim board are Zoli Kunene, Tshilidzi Marwala, General TT Matanzima, Gloria Serobe, Talib Sadiq, Sue Rabkin, Sibusiso Sibisi, Cheryl Carolus, Nonzukiso Siyotula, Thami Magazi, and Martin Mnisi.
Denel is the latest in a string of state-owned enterprise to undergo a shake-up due to governance and liquidity issues.
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