The board changes led to revenues halving and the new board unable to meet its corporate plan, Kgathatso Tlhakudi told the Zondo commission.
Despite Denel’s future looking rosy under Martie Janse van Rensburg’s tenure as board chairperson, former public enterprises minister Lynne Brown replaced the board in July 2015 with a leadership lacking requisite skills and background, the Commission of Inquiry into State Capture, chaired by Deputy Chief Justice Raymond Zondo, was told yesterday.
“It was quite concerning that there was no sign of board experience to lead Denel – one of the top-100 defence companies in the world. To illustrate his misgivings, Tlhakudi said there was neither a chartered accountant, nor someone with audit and risk skills serving, with Gupta business associate Johannes “Sparks” Motseki the only member retained by Brown.Other board members were Thamsanqa Msomi, Tauyame Mahumapelo, Pinkie Martha Mahlangu, Themba Michael Nkabinde, Mpho Kgomongoe, Khumbudzo Ntshavheni, Nonyameko Mandindi and Refiloe Mokoena.
“It was not even a day thereafter when files were collected by the ministry from my office – moving responsibility to assist in choosing board members to the minister’s office. I did not hear of the process until a list came with a Cabinet memo appended.”
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