Brown's Denel board decision 'not reasonable': witness

Former Denel board chairperson, Martie van Rensburg, has been in the hot seat at the state capture inquiry. The state arms company is embroiled in corruption and maladministration allegations. Courtesy #DStv403

JOHANNESBURG - Denel's former board chairperson, Martie Janse van Rensburg, testified at the state capture inquiry on Tuesday.

Damning testimony on the controversial link between the SOE and a Gupta-linked company was detailed.

Janse van Rensburg testified that former Public Enterprises Minister Lynne Brown's decision to remove the 2011 board doesn't appear to have been reasonable.

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She said when she joined Denel, the plan was to increase revenue.

Janse van Rensburg said that the outgoing 2015 board was seen as heavy on legal skill and she was the only chartered accountant.

READ: Gigaba, Brown 'implicated' in state capture at Eskom: report

It was recommended the transition board include more financial skills, defence skills and better representation in terms of gender.

She said Denel would be financially more healthy if the capitalisation took place but it didn't.

Source
eNCA