“The accounting authority of Denel is the board, not the executives. So if their accounting authority is not here then who are we talking to? It is not acceptable. If there is no accounting authority we don’t meet. It’s standard,” he said.For that reason, he said he expected the board to have found a way to be represented at the meeting.Denel has received about R9bn in bailouts from the state, with zero dividends, added DA MP Benedicta van Minnen.
“This not only wastes parliament’s time and parliament’s resources, the SIU is here, you are here and therefore I would like for you to put it to the board why the costs of today’s meeting shouldn’t be borne by them personally because the meeting wouldn’t have proceeded if they hadn’t committed to attend,” said Hlengwa.
“This thing of rogue boards in SOEs is precisely why SOEs are crippled in the manner they are. To make an assurance to parliament and then walk in the opposite direction for me tells you exactly what your problem is and it must be dealt with,” he said addressing Bapela, who has been delegated responsibility for Denel.
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Scopa MPs fuming at Denel board's no-showMembers of parliament’s public accounts watchdog (Scopa) were fuming after the board of the embattled state-owned arms manufacturer Denel snubbed a meeting to account about the company’s financial standing.
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