The Armaments Corporation of South Africa Limited Bill was also approved without dissent in the National Assembly last month, and will now go to President Thabo Mbeki for his signature before becoming law.
Introducing debate on the measure in the Ncop, Deputy Defence Minister Nozizwe Madlala-Routledge said significant changes to South Africa's defence sector took place during the 1990s.
As a result, the defence white paper, the defence review, and the white paper on defence-related industries called for a review of Armscor's role, functions, and mandate.
The bill now provided for Armscor, established in 1968, to continue to exist as a juristic person with the state as sole shareholder, she said.
The bill, among other things, seeks to promote black economic empowerment in the acquisition process of defence material.
In terms of the bill, the corporation will be responsible for meeting the department's defence materiel needs effectively, efficiently, and economically and, in the same manner, the defence technology, research, development, analysis, test and evaluation requirements. – Sapa.
EMAIL THIS ARTICLE SAVE THIS ARTICLE FEEDBACK
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
