Denel responds to bursary allegations

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.

Enquiries:
Pam Malinda
Cell: 082 686 2198
Tel: 012 671 2662
E-mail: pamm@denel.co.za

Issued by: Denel

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