China and Russia, as part of closer strategic ties, have finalized a long-awaited deal for very long range S-400 surface to air missile (SAM) system. The deal is not only the largest Sino-Russian arms deal in over a decade, but … Read the rest
Germany’s Federal Security Council has approved the export of a fifth submarine to Israel.
It’s the penultimate submarine promised to Israel by German Chancellor Angela Merkel and will be handed over by the company Thyssen Krupp.
Süddeutsche Zeitung newspaper revealed … Read the rest
A German company that allegedly bribed middlemen to get contracts to supply the South African government with warships denied the claims on Monday, the SABC reported.
Klaus Wiercimok, senior house attorney at ThyssenKrupp maritime systems, told the Seriti Commission of … Read the rest
Hundreds of South Africans have stashed more than $2-billion (about R23-billion) in accounts at Swiss banking group HSBC, details of which have now emerged in a leak that shines a new spotlight on the secretive world of Swiss banking.
The … Read the rest
An arms deal critic has said that Tony Blair should have been summoned to testify at the Seriti commission.
Former British prime minister and war criminal Tony Blair should have been summoned to testify at the Seriti commission of inquiry, … Read the rest
Tony Yengeni was reportedly arrested at the weekend for drunk driving.
The ANC NEC member spent Sunday night in police custody in Cape Town, according to Die Burger. He apparently left the police station on Monday morning having paid … Read the rest
The papers are stored in three shipping containers, according to the report. The … Read the rest
Independent defence analyst , Helmoed-Romer Heitman says it is unlikely that the commission will uncover much. Heitman says those implicated in corruption would have taken measures by now to get rid of the evidence.
“It’s been so long that if … Read the rest
South Africa’s fleet of attack submarines, which cost an estimated R8-billion in the infamous arms deal, are all in dry dock after the only operational vessel crashed into the seabed, reports the Sunday Times.
The SAS Queen Modjadji, named after … Read the rest