Armscor and AMD looking to get Defence Industry Fund up and running
DEFENCE WEB.CO.ZA / 22 NOVEMBER 2017 - 16.00 / KIM HELFRICH
Minister Rob Davies’ Department of Trade and Industry (DTI) is keeping mum on progress with the Defence Industry Broad-Based Black Economic Empowerment (BBBEE) charter while Armscor has announced a Request for Proposals (RfP) for a Defence Industry Fund (DIF) which directly affects the charter. On 4 August the DTI gazetted the draft BBBEE Defence Sector charter for its second round of public comment. Interested and affected parties had 60 days to lodge comment. That deadline has now well and truly passed. A request was forwarded to the DTI for an update on the current status of the document on November 2, but no response had been received at the time of publication.
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On its tender announcement portal Armscor, in a joint announcement with AMD (the SA Aerospace, Maritime and Defence Industries Association) notes Parliament approved the Defence Review 2015, designed to ensure the SA National Defence Force (SANDF) is “adequately capacitated and equipped for all ordered operations in South Africa and the rest of Africa”. This, the announcement states, requires the local defence industry to embark on extensive research and development and “massive production of relevant equipment”. With an eye firmly on increasing the involvement of small, medium and micro-sized enterprises (SMMEs) in the defence industry Armscor and AMD set out to establish the Defence Industry Fund (DIF).