16 April 2018

South Africa: Denel Responds to Bursary Allegations

press release

Denel Response On Bursary Allegations

Denel has noted various media article alleging, amongst other issues, that the Group Chief Executive, Mr Zwelakhe Ntshepe awarded a bursary to Mr Oarabile Mohamapelo in contravention of Denel's policy.

Denel denies these allegations as false. The bursary awarded was made to three students based on the same criteria and/or considerations. Of these awards, only one has attracted interest of the media.

The award was made in compliance with Denel's relevant policy after a full disclosure and presentation to the board of directors of Denel which was noted without any objection.

Issued by: Department of Public Enterprises

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