'Report of R4bn jet for JZ is rubbish! We can’t afford that!' – Armscor CEO

We are not going to do anything irresponsible, that I can guarantee you.

Kevin Wakeford, CEO of Armscor

The South African Air Force and Armscor say they have – despite reports to the contrary - not committed to buying a new R4 billion presidential jet, yet.

They do, however, admit they have received a “request for information on possible options”.

“I don’t know where the R4 billion comes from because, quite frankly, we can’t afford that,” said Armscor Chief Executive Kevin Wakeford.

“We are looking at a whole variety of options, but we are seeking information to establish the facts.”

The Money Show's Bruce Whitfield interviewed Wakeford.

Scroll down for quotes from the audio below.

This is just ‘testing the market’.

Kevin Wakeford, CEO of Armscor

Once we have established the facts we’ll make a determination on moving forward.

Kevin Wakeford, CEO of Armscor

This process will probably take a few months. The Minister made it clear it’s an urgent requirement, so we’ll probably speed up the process.

Kevin Wakeford, CEO of Armscor

We will explore all options. SAA is welcome to bid.

Kevin Wakeford, CEO of Armscor

I can’t disclose what our budget is, because we’re looking at a variety of options.

Kevin Wakeford, CEO of Armscor

If we disclose what we intend to spend it corrupts the process. However, we will NOT spend R4 billion on a capital acquisition.

Kevin Wakeford, CEO of Armscor

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to delegate (and why you must, whether you like it or not)

How to delegate (and why you must, whether you like it or not)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Our investigations conclude is wasn’t us – Dracore on SA’s biggest data breach

Our investigations conclude is wasn’t us – Dracore on SA’s biggest data breach

The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.

Where to invest? Property vs 'a small business' vs 'an investment fund'...

Where to invest? Property vs 'a small business' vs 'an investment fund'...

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Estate agent Aida admits it’s the source of SA’s largest data hack ever

Estate agent Aida admits it’s the source of SA’s largest data hack ever

The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

More corruption increases likelihood of tax revolt - Judge Dennis Davis

More corruption increases likelihood of tax revolt - Judge Dennis Davis

We interview Chairperson of the Davis Tax Committee Judge Dennis Davis, the man tasked with overhauling South Africa’s tax system.

A journalist has dinner at Zuma. Here’s what she found…

A journalist has dinner at Zuma. Here’s what she found…

Nicky Smith thought it was a joke when she was told they’re having dinner at Zuma’s. Especially since she was in Istanbul.

Popular articles
Three mistakes to avoid when nominating a beneficiary

Three mistakes to avoid when nominating a beneficiary

Certified Financial Planner Paul Roelofse has a difficult conversation with Phemelo Motene around nominating a beneficiary.

Why low sexual desire is not 'abnormal'

Why low sexual desire is not 'abnormal'

Low sex drive is common and non-sexual relationships can also be fulfilling, explains clinical sexologist Dr Eve.

Man wants end to six-year marriage after wife refuses to cook for him

Man wants end to six-year marriage after wife refuses to cook for him

Geoffrey Matovu filed for divorce in the Family Division of the High Court accusing Ms Tryphena Nakiyingi of being disrespectful.

Jerome Booysen of Sexy Boy's life could be under threat

Jerome Booysen of Sexy Boy's life could be under threat

A fight broke at a hospital where Booysen was admitted and it is believed Booysen was the target of the scuffle.

Estate agent Aida admits it’s the source of SA’s largest data hack ever

Estate agent Aida admits it’s the source of SA’s largest data hack ever

The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

UCT engineering student creates affordable grey water system

UCT engineering student creates affordable grey water system

Nkosinathi Nkomo came up with a system that could turn grey water into usable water amidst the Cape Town water crisis.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.