Direct cost of fraud and corruption at Denel is over R4 million - Gordhan defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.
The suspensions leave Denel’s finance operations rudderless at a time when the state-owned arms manufacturer is trying to rebuild its financial affairs after being the key site of State Capture corruption.
Denel s acting CEO Mike Kgobe said they had managed to stabilise the work force by tapping into medical benefit trust funds that unlocked cash to pay salaries.