https://newsletter.mw.creamermedia.com

Defence industry association welcomes efforts to boost South African defence spending

16th August 2024

By: Rebecca Campbell

Creamer Media Senior Deputy Editor

     

Font size: - +

The South African Aerospace, Maritime and Defence Industries Association (AMD) has welcomed the commitment made, earlier this month, by the Parliamentary Portfolio committee on Defence and Military Veterans, to revitalise the South African National Defence Force (SANDF).

The committee affirmed that it would prioritise the securing of sufficient funding, because this was of the utmost urgency. The committee specifically pointed out that the current SANDF deployment in the Democratic Republic of Congo (DRC) was, at that time, unfunded.

“As the defence and security industry body, we are pleased that our calls to prioritise the SANDF have been heard,” affirmed AMD CEO Sandile Ndlovu. “The portfolio Committee’s announcement is a step in the right direction. The defence industry represents increased opportunity for our economy and has the potential to contribute approximately 3.5% to our [gross domestic product], which would make a meaningful contribution towards addressing the country’s socioeconomic performance.”

AMD had also been encouraged by reports that Defence Minister Angie Motshekga and her officials had been “robustly engaging” (in Motshekga’s words) with the National Treasury on achieving the SANDF’s medium-term capital budget, which would cover the exploitation of evolving technologies as well as the maintenance and repair of existing systems.

Further, the Minister had met with President Cyril Ramaphosa, specifically about the issue of SANDF funding. As a result, the National Treasury had allocated R2-billion, from the National Revenue Fund, to cover the costs of the SANDF mission in the DRC.

“It is an encouraging and a welcome shift to see the department highlighting increased spending on equipment and new technology,” highlighted Ndlovu.

“South Africa’s defence industry produces world-class defence and security products and solutions for governments around the world and it is only fitting that those products and solutions benefit our own soldiers back here at home and those working to maintain peace on the rest of the continent.”

Currently, about 95% of the products and services produced and provided by the South African defence industry are exported. AMD and its member companies are willing and ready to also partner with their home government to strengthen the country’s defence and security capabilities, in accordance with the Constitution and international law.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.993 1.092s - 125pq - 2rq
Subscribe Now