Thandeka Sabela appointed as Denel’s acting CEO


South African state-owned defence company Denel has appointed Thandeka Sabela as acting Chief Financial Officer, the firm said on Tuesday.

The firm’s former CFO, Carmen le Grange, resigned earlier in March, extending a series of exits including the board chair and chief executive, deepening a crisis at the cash-strapped firm.

Sabela, a chartered accountant, has been with Denel since 2015. She will take-up the position on March 29. The process of recruiting a new, permanent finance chief is underway.

Main Image: marketscreener

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