Defence Industry Fund set to bring fundamental change, drive transformation within defence industry
[Johannesburg, 10 July 2018] -The launch of the Defence Industry Fund was held on 5 July at the CSIR ICC, in Pretoria.
The launch of the Defence Industry Fund (DIF), held on 5 July 2018 at the CSIR ICC in Pretoria, provided credence to the defence sector's commitment to bring essential support to address barriers to entry within the industry, promote inclusivity, transformation and job creation.
Following various consultations with defence industry stakeholders, Armscor, the acquisition agency of the Department of Defence and the Aerospace, Maritime and Defence Industry Association of South Africa (AMD) jointly decided to investigate the possibility of establishing a Defence Industry Fund.
"The seed of the Defence Industry Fund was planted in 2015 in a collaborative effort between Armscor and the South African Aerospace Maritime and Defence Industries (AMD), the seed has sprouted today, the Defence Industry Fund is born,'' said vice-admiral (ret) Johannes Mudimu (chairperson of the Armscor Board) at the momentous launch...
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