Public enterprises Minister Pravin Gordhan has announced Denel's new board.
The state arms manufacturer has been experiencing severe liquidity challenges.
It emerged in December that the company was unable to pay its staff salaries before Christmas.
Former Airports Company South Africa (Acsa) chief executive Monhla Hlahla has been appointed as the new chairperson of the board.
She is a former chief executive of Acsa, she has been a non-executive director at Exxaro Resources, so coming with long history of credentials there related to management such as this.— Barry Bateman, EWN reporter
Eyewitness News reporter Barry Bateman provides details about some of the other board members.
We have got Sue Rabkin, former special advisor to the minister of defence. We have got General TT Mantanzima he comes with defence experience. Cheryl Carolus, former chairperson of SAA and Dr Sibusiso Sibisi.— Barry Bateman, EWN reporter
The message from Pravin Gordhan is we need to restore sound corporate governance, review the effective management team and of course a few major contracts that Denel has entered into.— Barry Bateman, EWN reporter
Click on the link below to listen to the full report: