News24

Arms deal value under review

2012-05-15 09:11

Johannesburg - A review of the actual economic value generated by strategic defence procurement projects would be completed during the current financial year, The Star reported on Tuesday.

Trade and Industry Minister Rob Davies told Parliament that all national industrial participation programmes were being assessed.

He reportedly acknowledged that usual departmental practice had been widely flouted when calculating offset credits to arms deal contractors.

Davies was responding to a question by Democratic Alliance defence spokesperson David Maynier.

According to the newspaper, Davies said the lion's shares of arms deal offsets were approved as package deals. They were not measured against the actual economic performance of the companies' investments in the economy.

Maynier said afterwards the outcome of the review might give an understanding of the "full horror or the arms deal offset rip-off".

Comments
  • Marion - 2012-05-15 09:18

    "He reportedly acknowledged that usual departmental practice had been widely flouted when calculating offset credits to arms deal contractors." mmmmmmm

  • Sharon - 2012-05-15 09:26

    Oh yes, keep digging - who knows how far down the rabbit-hole this goes. For the people who benefitted from this, I hope your sleep is interrupted by severe nightmares that include handcuffs and small spaces.

  • Jason - 2012-05-15 09:38

    yeah whatever. this deal will only come to light once zuma and his party of fools are no longer in power.

  • Antwahn - 2012-05-15 09:51

    And to what end? Will all the ANC cadres who stuffed their off-shore accounts with massive bribes, pay back all?

  • Felix - 2012-05-15 09:53

    Somewhere out there a choir of fat ladies are warming up their vocal cords.

  • ludlowdj - 2012-05-15 10:11

    The truth must of course be exposed, but I think everyone needs to accept that the money is lost and that the ANC will never pay any of it back nor will they facilitate the recovery of any money. What has been lost, stolen and misappropriated is gone. It is for this reason and this reason alone that the citizens of this country must band together to end the rule of the most corrupt government structure to rule this country.

      Kent - 2012-05-15 10:21

      @ ludlowdj. NO NO NO. Money was obtained fraudulently and thus the assets of those involved should be seized as compensation. Houses, cars, land ect.

  • Dhavandran - 2012-05-15 10:29

    'They were not measured against the actual economic performance of the companies' investments in the economy.typical case of cart before the arse.davies, accept the fact that the foreigners screwed you and the anc like you were prostitutes.now the innocent taxpayer has to suffer while gordhan and his fancy financial policies is only benefiting the the anc and its pals.where is his supposed to be financial astuteness? as treasury how did he f@#k this one up or was there an ulterior motive?

  • Phillip - 2012-05-15 10:46

    Each day hundreds of children of the poor suffer and die, because there is no clinic or doctor to see to the minor and infinitely curable illnesses which afflict all children, during the course of their growing up. Each day those same children contract infinitely preventable diseases, because of the burgeoning mounds of festering, toxic rubbish which contaminates their living space. There are no doctors or clinics, and there is no garbage collection, because the monies that were destined for services for the faithful poor, have been redirected into the private banking accounts of all who have made themselves guilty of mass-murder through their corrupt practices in the Arms Deal, and every other instance of government tender-fraud. The widespread practise of self-enrichment in this way is no harmless diversion, but strikes deep into the heart of those who are concerned with the plight of the voiceless, as into the hearts of the voiceless, themselves. It is no longer a question of opportunistic politicking, but is rather an essential to expose the crimes of those who would abuse and lie to the ultimate in sacrificial loyalty, that keeps them in power. It is an attempt to open eyes to the reality that there is a good life for all in South Africa, and that there is truth to be found in those to whom patriotism comes before comfort. Thomas Paine said "It is the duty of every patriot to protect his country from his government". David Manier is one such patriot.

  • Gavin - 2012-05-15 11:43

    honest+politican in SA = not f'ing possible. this should've been called the arm wide open for bribes deal. no matter what they find here, nothing will happen, it will be swept under the ANC rug into that place where all their dark secrets rest. in a thousand years time, they will look back on this time when SA was ruled by the evil emperor and his soldiers and frown. the jedi will return.

  • Michael - 2012-05-15 14:17

    wow its was definately a struggle for financial control of a few....shame the ordinary balck south african cant understand this as a free t-shirt some propaganda and a promise of a house will forever cloud their dumb heads

  • andrew.mackie.90 - 2012-05-15 15:57

    Will the whole truth and nothing but the truth ever be uncovered ? I for one very much doubt that happening and I have as much chance of wining the lottery to believe in all those involved will reveal the true facts of this long running saga.

      Graham - 2012-05-15 17:04

      We will have to wait for Mandela to pass on as he was most definitely involved.

  • koos.grove - 2012-05-15 22:23

    What is the difference between the Arms deal and Apartheid?

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