[ALERT] Zwelakhe Ntshepe appointed CEO of Denel

Ntshepe has been the acting chief executive and done his utmost to distance himself from the controversial Gupta family this year.

FILE: CEO of state-owned arms company Denel, Zwelakhe Ntshepe. Picture: YouTube screengrab.

JOHANNESBURG - Public Enterprises Minister Lynne Brown has announced the appointment of Zwelakhe Ntshepe as the new CEO of state-owned arms company Denel.

Ntshepe has, up until now, been the acting chief executive and has done his utmost to distance himself from the controversial Gupta family this year.

Two months ago, Denel cancelled its partnership with Gupta-linked company VR Laser Asia, citing reputational damage.