“Denel was owing Nedbank and Absa more than R4bn. The financial state was dire at the time, compounded by a transaction on which Denel had spent R855m, which Denel did not have. It was catastrophic.”
“The approach the investigators of the inquiry use when it comes to people like myself, who were in the service of the country, of trying to accuse people of being either enablers of state capture or being involved in state capture, it doesn’t send incentives to people to come and talk,” Mantsha said.The inquiry heard Mantsha had refused to consult with inquiry investigators.
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