The Commission of Inquiry into State Capture in Johannesburg will continue to hear evidence related to arms manufacturer DENEL from former Board chairperson, Daniel Mantsha, when it resumes proceedings on Friday morning.
Former CEO of DLS, which is a subsidiary of Denel, Stephan Burger has conceded at the State Capture Commission in Johannesburg that entering into an agreement with Gupta-owned VR Laser without the board’s approval and procurement requirements were wrong.
Denel Group CEO Talib Sadik says the Judicial Commission of Inquiry into allegations of State Capture, Corruption and Fraud in the Public Sector has contributed to the firm’s reputational damage.
The State Capture Commission of Inquiry will continue to hear Denel related testimony from Denel Group Chief Executive Officer Talib Sadik, former DLS Chief Executive Officer Stephan Burger and former Denel Board Chairperson Daniel Mantsha when proceedings resume on Thursday morning.
The State Capture Commission has heard that Denel’s money was used to bail out one of its suppliers, LMT Holdings, despite warnings from auditors.