-
Sector Analysis
Future of the South AfricanDefense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021
The South African defense budget values US$4.1 billion in 2016, dropping from US$4.6 billion in 2012, and registered a CAGR of -2.56% during 2012–2016. Even though the actual budget increased in local currency, it showed a downward trend in terms of dollar value owing to variations in the exchange rate. However, modest growth in defense expenditure is expected during the forecast period at a CAGR of 1.83%, to reach a value US$4.6 billion in 2021. The country’s defense budget is...