Gordhan slams ‘arrogant’ Denel

Parliament – Finance Minister Pravin Gordhan has slammed the “arrogance and belligerence” of boards of some state-owned companies, saying arms maker Denel, in particular, should heed his message.

Gordhan was responding to the debate on the Treasury budget vote in Parliament on Wednesday, in which a number of MPs questioned the government’s commitment to follow through on promised reforms, suggesting Gordhan did not have the full backing of the cabinet in his efforts to stave off a looming ratings downgrade.