Denel Group CFO Odwa Mhlwana placed on special leave due to misconduct


The Denel Board of Directors has put the Group Chief Financial Officer (GCFO), Odwa Mhlwana, on special leave pending a disciplinary process into serious allegations of misconduct against him.

The Board has taken this step for purposes of creating a conducive environment that will allow for the commencement of a verification process in respect of the allegations of misconduct against Mhlwana.

The verification process will include interviews with Mhlwana’s colleagues, such that putting him on special leave is also in the interests of fairness to him, his colleagues and Denel.

Mhlwana is therefore on special leave, effective today, 18 June 2018, and until the disciplinary process is completed. The process will be presided over by an independent Chairperson and should be completed by the end of July 2018.

Since its appointment two months ago, the Denel Board has been approached by various whistle-blowers presenting a number of allegations of serious misconduct against Mr Mhlwana and a few other senior employees of Denel; which still need to be verified before any action can be taken against anyone.

The Denel Board of Directors is in receipt of a number of serious allegations by whistle blowers, since its appointment on 8 April 2018. In terms of governance process, the Board’s Audit Committee reviews and considers actions on each allegation. Where an investigation is concluded, the Audit Committee guide the Board and or Executive Committee on required actions and responses. 

The current investigations were concluded while the Board was managing the 2018 financial year end and exploring, with debt providers, the most optimal strategies to relieve the Company of its short-term liquidity constraints. 

The Board is therefore appreciative of all the whistle blowers, and commits to review all the allegations received.


About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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