State-owned defence company Denel said on Thursday that two board members, including chairwoman Monhla Hlahla, had resigned, days after it said several other board members had resigned.
"The recruitment process of the chairperson is underway and the appointment will be communicated to all debtholders in due course," Denel said in an announcement on the JSE.
Denel makes military equipment for South Africa's armed forces and export. It has been in the grips of a liquidity crisis aggravated by the Covid-19 pandemic.