ON Monday, embattled State-owned defence industrial group Denel reported, via the Johannesburg Stock Exchange’s SENS news service, that it had suffered a string of resignations from its board of directors. Kabelo Lehloenya had resigned effective January 14, General (retired) Siphiwe Nyanda had resigned effective January 21, Dr Sibusiso Sibisi had followed suit effective from February 16 and Sue Rabkin had done the same effective from February 18.
The company also announced that the acting Group CEO contract of Talib Sadik had expired. Sadik had, at the same time, also resigned from the Denel board, taking the number of board resignations to five in just over a month.
Sadik had been full time CEO of Denel from 2008 to 2012. Nyanda served as Chief of the South African National Defence Force from 1998 to 2005, and was subsequently Minister of Communications from 2009 to 2010. Rabkin was a former special adviser
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