The South African government announced on 15 May that it had established a Defence Industry Fund (DIF).
The chosen facilitator is Crede Capital Partners, which was appointed by acquisition agency Armscor and the Association of Aerospace, Maritime and Defence (AMD) to act as an independent owner and operator of the fund in line with South Africa’s Financial Sector Conduct Authority requirements.
The fund is expected to facilitate implementation of the results of a defence review that was carried out in 2015. The defence review was approved by parliament in 2015, and serves as a national policy on defence, to provide a long-term strategic view on the capabilities required by the South African National Defence Force (SANDF), a joint statement from Armscor and AMD said.
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