• Mini budget: Lost trust

    The elephant in the room is a bigger danger to SA than weak finances, says Jaco Leuvennink.

  • Time to tackle floods

    Government isn't doing enough so it's up to us to take responsibility, says Mandi Smallhorne.

  • Conquering prejudice

    Every workplace would benefit from a self-critical process relating to prejudices, says Ian Mann.

Loading...

New Zuma jet could cost R1.3bn

Mar 12 2017 13:18
Lameez Omarjee, News24

Johannesburg – A plan to buy President Jacob Zuma a new private jet that could cost R1.3bn has been kept secret.

According to a report by the Sunday Times, the jet will be used for shorter trips across southern Africa. The main jet, Inkwazi, will be used for longer flights for both the president and his deputy.

The Sunday Times reported that this bid was not advertised as it was being tailored for a “specific supplier”.

Last year Fin24 reported on a bid to acquire a new luxury presidential jet at a price of R4bn. This is equivalent to 16 Nkandlas, which would each cost R246m.

READ: 'New jet for Zuma will buy 16 Nkandlas'

However, these plans were put on ice in October last year, City Press reported. This was despite the fact that Finance Minister Pravin Gordhan had made an additional R143m available for aircraft leases for the president.

Armaments Corporation of South Africa (Armscor), which oversees arms procurement for the department of defence, said the tender process for the R4bn acquisition was cancelled because none of the bids complied with the minimum requirements.

READ: Zuma VIP jet discussions still on the table

Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula told Parliament last year that there were still intentions to get Zuma a VIP jet.

The defence force has four executive jets, two of which were “unserviceable” at the time News24 reported. These include the president’s current jet, a Falcon 900 for the deputy president, and two “unserviceable” Falcon 50s.

The president's jet costs R84 000 per hour to operate, and the Falcon 900 and Falcon 50 R54 000 per hour, Mapisa-Nqakula said.

Read Fin24's top stories trending on Twitter:

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

jacob zuma  |  defence  |  economy

NEXT ON FIN24X

 
 
 
 

Company Snapshot

We're talking about...

Calling all social entrepreneurs - apply for The Venture now!

Are you running an innovative social business that's helping to create a better future? Then pitch for a share of The Venture’s $1m fund and receive world-class mentorship to help accelerate your business growth.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Pick n Pay launches new website for easier online shopping

Previous results · Suggest a vote

Loading...