The Arms Deal In Your Pocket

since we spent R10bn on frigates we don’t need, R850m is a very poor return on that investment.

hree of the arms contractors had defaulted on their offset commitments: Ferrostaal by R4bn, BAe/Saab by R840m and Thales (formerly Thomsons) by R262m.32

only 13 000 of the 65 000 jobs promised had been created