In early December, South African President Cyril Ramaphosa approved the appointment of the new board of directors at Armscor, the state's defence acquisition and export management entity. Armscor reports to the Ministry of Defence, headed by Angie Motshekga, and buys military kit on behalf of the South African National Defence Force (SANDF). Of the €2.6bn allocated to the sector for 2024-2025, Armscor controls a budget of €72m amid significant fiscal [...]
