South Africa Defence & Security Report Q4 2014 - New Market Study Published
We expect the South African defence budget to reach USD3.6bn in 2014. For the remainder of the forecast period, up to and including 2018, we expect the defence budget to rise, with the country spending on average USD5.3bn on defence annually. The final year of the forecast period (2018) will see defence spending reach USD6.8bn.
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