WATCH: Former Denel CEO testifies at statecapture inquiry
The commission of inquiry into state capture heard yesterday from the former board chairperson, Martie Janse van Rensburg, that Brown’s overhaul of the Denel board in 2015 was swiftly followed by the exit of Saloojee credited for turning around the fortunes of the state-owned enterprise.Evidence leader at the commission on Wednesday advocate Leah Gcabashe said Saloojee, alongside Denel CFO Fikile Mhlonto and group company secretary Elizabeth Africa, were suspended in September 2015.
However, it was further reported that in 2016, Brown told the parliamentary portfolio committee on public enterprises that the trio was being investigated for irregularities in Denel’s profit statement. He said when he joined the SOE, a government guarantee of R1.8 billion was in place so the organisation could contract and raise money, however, it never asked for a bigger one or a cash injection from government.
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