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