Denel and the City of Johannesburg
24 October 2018
Johannesburg Mayor Herman Mashaba has again resorted to reduce a professional and sound relationship between the City of Johannesburg (CoJ) and Denel, a State-Owned Company reporting to the Department of Public Enterprises (DPE), to petty political point-scoring.
The facts of the loan from the CoJ, via Regiments Capital, to Denel in 2012:
Was concluded by a previous city administration and a previous Denel board
Regiments Capital has since been identified as a Gupta-linked company that was retained by the CoJ – not by the DPE or Denel