South Africa Defence & Security Report Q2 2014 - New Market Study Published
BMI expects South Africa to spend US$3.5bn on defence in 2014. Next year, in 2015, we expect the defence budget to increase to US$4.5bn. This trend will continue into 2016 with the defence budget increasing US$5.4bn. The final two years of the forecast period we see South Africa's defence budget increasing firstly to US$6.1bn and then to US$6.7bn at the end of the period under examination.
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