Defence charter draft released for public comment

The Department of Defence and its acquisition vehicle Armaments Corporation of South Africa (Armscor) has released a draft of the Defence Sector Charter for public comment. The charter aims to accelerate black-economic empowerment in the defence industry over three years, setting an ownership target of 25% in the first year, 30% in the second year, and 35% by the third year. Black female ownership should amount to 10% in the first and second year, and 15% by the third year.