Alec Erwin’s arms deal offset flop

2014-02-16 06:00

As the first senior politician to serve in the ­Cabinet that signed off on the controversial arms deal prepares to take the stand ­tomorrow at the Arms Procurement Commission headed by Judge Willie Seriti, a damning audit report reveals just how badly South Africans were conned.

Former trade and industry minister Alec ­Erwin is the first politician to take the stand after months of evidence from the military, Armscor and government officials.

Today City Press reveals details of a ­damning audit report into some of the economic benefits the country received from the arms deal – which proves that the offset deals were little more than an elaborate con.

The report, an audit conducted by the department of trade and industry (the dti) of 40 out of 121 offset projects, reveals that out of 24 audited projects in which arms companies had promised the creation of 56 531 jobs, only 3 815 jobs (6.7%) had materialised.

» Get City Press today for the full story.

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