Denel gets another new CEO

Public Enterprises Minister Pravin Gordhan, has appointed the current chief executive officer of the South African Forestry Company, Tsepo Monaheng, as CEO of Denel. This is the latest attempt by the government to turn around various state companies that have been plagued by corruption and bad management.

Monaheng will take on his new position as CEO once he has concluded his commitments at Safcol. He was selected after a search that attracted 67 applicants for the role, the Department of Public Enterprises said.

"The appointment of Mr Monaheng underscores our commitment as government to put Denel on a firm strategic path as we reposition the company," Gordhan said in the statement. "Denel is one of our strategic SOEs. We wish to see it reclaim its position as a provider of critical defence capabilities to our country”.

“We wish to see it reclaim its position as a provider of critical defence capabilities to our country. The Denel board needs to focus on building an executive team that consists of professional, skilled, and capable people who will drive Denel to become operationally efficient and financially sustainable.”

Monaheng’s experience includes time spent as deputy CEO and CEO of Denel Dynamics. He has an MBA and BSc in electronic engineering.