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
According to The Star he 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 share 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