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The suspensions leave Denel’s finance operations rudderless at a time when the state-owned arms manufacturer is trying to rebuild its financial affairs after being the key site of State Capture corruption.
Another black executive in government has joined the unemployment ranks for allegedly blowing the whistle on wanton capture of
Denel is working closely with the Special Investigations Unit to recover some of the money lost through civil litigation.
State arms manufacturer Denel, which is also at the centre of state capture, has been struggling for years receiving billions in state bailouts.
Denel has had seven chief executives since 2015, and several finance directors. The current board of directors has just six members.