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Denel grilled over Gupta-linked joint venture

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A new Rooivalk armed helicopter made by Denel. (File AFP)
A new Rooivalk armed helicopter made by Denel. (File AFP)

Cape Town - Denel’s top management insisted on Wednesday that no law has been broken and that all its decisions and activities on the controversial VR Laser joint venture deal took place within the Public Finance Management Act (PFMA).

Denel chairperson Daniel Mantsha told MPs in the Select Committee on Communications and Public Enterprises that Denel would meet with Public Enterprises Minister Lynne Brown to discuss its failure to secure a Section 54 application for a joint venture.

According to media reports, Brown said the joint venture between Denel and VR Laser - which is partly owned by President Jacob Zuma’s son Duduzane and Rajesh Gupta - has not been approved and is, therefore, in contravention of the PFMA.

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