Denel CEO resigns in wake of Mahumapelo bursary uproar


File: The Denel 35mm Dual Purpose Gun is a close-in weapon system for warships made in South Africa by Denel Land Systems.

JOHANNESBURG - Denel CEO Zwelakhe Ntshepe has resigned from the arms manufacturer.

He has worked at the state-owned entity for 20 years, but was chief executive for only six months.

Denel&39;s board has appointed its head of aeronautics, Michael Kgobe, as interim CEO.

Ntshepe’s resignation comes after revelations that Denel gave North West Premier Supra Mahumapelo’s son an R1.1-million bursary to become a pilot.

READ: Gordhan wants probe into Supra Mahumapelo son&39;s R1m bursary

Rapport newspaper reported at the time that Denel had "bent the rules" to award the bursary.

Ntshepe reportedly signed the contract.

The DA has laid a criminal complaint against Ntshepe and Mahumapelo for alleged fraud and corruption.