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Gordhan confirms new Denel board

Pravin Gordhan.Public Enterprises Minister Pravin Gordhan today confirmed the appointment of the new Denel board of directors, as part of his efforts to clean up state-owned entities.

Addressing Parliament, Gordhan this morning said “on 9 April 2018, I appointed an interim board of directors to lead Denel. Since then, the board has worked tirelessly to gain an understanding into the state of Denel. Yesterday Cabinet approved the appointment of the following individuals as directors of the board of Denel:
1. Ms. Monhla Hlahla as Chairperson
2. Ms. Nonzukiso Zukie Siyotula
3. Mr. Mandla Martin Mnisi
4. Mr. Zoli Nhlanla Rigney Kunene
5. Prof. Tshilidzi Marwala
6. Lieutenant General (retired) Temba Templeton Matanzima
7. Dr. Gloria Serobe
8. Mr. Talib Sadik
9. Ms. Susan (Sue) Rabkin
10. Dr. Sibusiso Sibisi
11. Mr. Thamsanqa Magazi
12. Dr. Hannelie Nel
13. General Siphiwe Nyanda
14. Ms. Kabelo Lehloenya.”

Compared to the interim board, Cheryl Carolus is no longer listed on the current board, while there are three new names: Nel, Nyanda and Lehloenya.

Nel is currently the Managing Director of Tennelli Industries. Prior to this she was a Senior Engineering Consultant and Project Manager at British International Engineering Pty Ltd (2013 – 2015).

Nyanda became part of the South African National Defence Force, into which Umkhonto weSizwe (MK), was incorporated in 1994, and served successively as Chief of Defence Force Staff, General Officer Commanding (Gauteng).

Lehloenya is a qualified Chartered Accountant. She currently serves as the Chief Financial Officer at the Gauteng Department of Health. Prior to this she was the Group CFO at a JSE listed company called South Oceans Holdings Ltd.

“Following the resignation of the former Group Chief Executive which was announced last week, the Board should ensure there is strong and ethical management team in place to lead the institution by swiftly filling the position,” Gordhan said.

He also announced changes at Eskom, with a new Chief Executive, the stabilisation of SA Express, and approved the Transnet interim board.

On his 86th day in office, Gordhan said “significant progress has been made. We have begun to implement the steps that will start to restore good governance to our state-owned enterprises.

“I believe that the men and women who have been appointed to these boards, possess the professional ethos, values, capability and integrity to take the new mandate for these State Owned Companies forward.”

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