Monday, July 16, 2018
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Industry

SA defence industry to show it wares overseas

IDEX.The South African defence industry will be out in force at several big international exhibitions later this year, including the first edition of Edex in Egypt.

   

SA Defence Industry Fund officially launched

An Olifant with the South African flag.The long-awaited Defence Industry Fund (DIF) was launched on Thursday 5 July 2018. The fruit of the 2015 Defence Review and consultations between Armscor and South African defence industry association AMD, the fund is to be managed by Crede Capital Partners.

   

Naval Dockyard expected to make a R30 million loss

The Simons Town naval base.The Naval Dockyard in Simons Town is expected to make a loss of R30.6 million for the 2018/19 financial year - the only division in the Armscor stable to lose money.

   

2018 off to a good start for Streit Group

A Streit Cougar.The Streit Group has started 2018 off with a robust order book and large number of deliveries, making it what it says is the largest armoured car manufacturer in the region.

   

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