Wednesday, 9 October 2013

Future of the South African Defense Industry

Increasing concerns regarding the obsolescence of South Africa's military arsenal has enabled many foreign companies to enter the South African defense market by offering superior defense products. South African defense expenditure registered a CAGR of 9.2% and valued USD 5.3 billion in 2013. The focus of the South African government will be on crime, peacekeeping missions, border security, and military modernization initiatives to drive defense expenditure.



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