Cash-strapped Denel gives dodgy R1.1m bursary to Supra’s son

Cash-strapped Denel gives dodgy R1.1m bursary to Supra’s son

- The state-owned defence company Denel has awarded a bursary to North West Premier, Supra Mahumapelo’s son

- The bursary is worth R1.1 million and will help Mahumapelo’s 20-year-old son study to become a pilot

- This comes at a time when Denel is struggling to pay its suppliers and is considering putting hundreds of employees on short time

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State-owned defence/aviation company, Denel has awarded a dodgy R1.1 million bursary to North West Premier Supra Mahumapelo’s 20-year-old son Oarabile Mahumapelo. The bursary will help Oarabile become a pilot.

The bursary will cover flight school lessons, accommodation, meals and even laundry costs for the younger Mahumapelo.

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The timing of the bursary could not be worse for the cash-strapped company, reports indicate that Denel has been burning through its cash reserves at an alarming rate and has struggled to make payment to its suppliers and is considering cost-saving measures such as putting hundreds of employees on short time.

Briefly.co.za gathered that Rapport reportedly obtained a signed copy of the bursary which shows Denel had to find loopholes in order to award the bursary to Mahumapelo’s son.

Denel initially released a statement in which it said the bursary was legitimate and would help to transform the aviation industry.

Public Enterprises Minister Pravin Gordhan has since stepped in and ordered Denel to retract its initial statement. Gordhan also ordered an immediate investigation into the matter.

Last week Gordhan appointed a new board at the company and vowed to track down anyone who had looted money from the company.

Meanwhile, trade union Solidarity has threatened legal action against Denel and any other state-owned enterprise which continued to squander taxpayer money.

READ ALSO: 'No TV in your bedroom?': Mom, 44, has 16 kids and has spent 10 years of her life pregnant

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Source: Briefly.co.za

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