An Evaluation of the BAE/SAAB South African Royal
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by South East Academic Libraries System (SEALS) An Evaluation of the BAE/SAAB South African Royal Manufacturing Project in Virginia, Free State Province: A Case Study of the Implementation of the South African Defence Offsets. By Gwendolyn Wellmann Submitted in fulfilment of the requirements for the degree of D. Phil in Development Studies at the Nelson Mandela Metropolitan University. February 2010 Supervisor: Professor Richard Haines Co-supervisor: Dr Mick Brookes Abstract This study is an evaluation of the BAE Systems/SAAB consortium National Industrial Programme project, South African Royal Manufacturers (SARM), which forms part of BAE Systems/SAAB’s National Industrial Participation Programme (NIPP) obligations resulting from their participation in South Africa’s 1998 Strategic Procurement Programme (popularly referred to as the ‘arms deal’). SARM was a gold chain manufacturing plant, located in the Free State mining town of Virginia and which was implemented by the BAE Systems/SAAB consortium in partnership with the Harmony Gold Mining Company. Funding for the business was provided by the BAE Systems/SAAB consortium as part of their industrial participation obligation. This funding was supplemented with a loan obtained from the South African Industrial Development Corporation (IDC) to the value of 40% of the cash funds; while land and buildings, as well as loans in the form of gold granules and bars, were provided by Harmony Gold Company, as part of what they describe as their corporate social responsibility towards the Virginia area where they are the only mining company operating; and also simultaneously as their obligation towards gold beneficiation as required by law.
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