Denel board confirms suspended chief executive will not return
The Denel board of directors, appointed by Public Enterprises Minister Lynne Brown last September, has broken its silence over issues apparently affecting the State-owned defence industry conglomerate. These include the suspension of the chief executive and two other senior officials, the establishment of Denel Asia based in Hong Kong and a steel cutting and fabrication contract with a company linked to the Gupta family. The Denel board said, in a weekend statement which is attributed to it and not board chairman Daniel Mantsha, it was issued to “protect the integrity and reputation” of both the board and the company. “It (the statement) is not an attempt by Denel and its board to communicate with government through the media but it is important to set the public record straight.” Suspended chief executive Riaz Saloojee will not be returning to Denel. According to the statement “his contractual obligation to Denel was terminated as his contract was about to expire”.