BAe and the arms dealames Myburgh
14 Aug 2007 08:55
In November 1998 the South African cabinet named British Aerospace (BAe) as its preferred supplier to re-equip the South African Air Force (SAAF), as part of its strategic defence package programme. Cabinet formally went ahead with the purchase in September 1999.
In terms of the deal BAe is delivering 24 Hawk lead-in fighter trainers and 26 Gripen advanced light fighters to the SAAF. All the Hawks will be delivered over the course of 2006 and 2007. Delivery of the Gripens begins in 2008. According to the treasury South Africa has paid out R19,5bn for the two programmes so far, with the final cost expected to be R27,25bn. This makes up 57% of the total of R47,5bn that will have been spent on the packages between 2000 and 2011.
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http://www.moneyweb.co.za/mw/view/mw/en/page66309?oid=153753&sn=Detail