The Denel board says it has accepted the resignation of its CEO Zwelakhe Ntshepethe who has quit the manufacturer after 20 years.
While the state defence company has, according reports, confirmed Ntshepethe is being investigated for his role in the awarding of a bursary to North West Premier Supra Mahumapelo’s son, Group Communications Manager at Denel Vuyelwa Qinga says he has cited personal reasons for his departure.
The board accepted his resignation. He said it is personal reasons so there is nothing else we have got beyond that.— Vuyelwa Qinga, Group Communications Manager at Denel
My understanding of the investigation that has been instituted by the board is to get to the root of how that was awarded, whether that was the right thing to do and followed processes. I don't understand it to be specifically directed at an individual, including Mr Ntshepethe.— Vuyelwa Qinga, Group Communications Manager at Denel
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