Armaments Corporation of South Africa SOC Ltd (ARMSCOR)

Contact Details

Physical: Cnr Delmas Drive & Nossob Street, Erasmuskloof, Extension 4, Pretoria
Postal: Private Bag X337, Pretoria, 0001
Tel: 012 428 1911
Fax: 012 428 5635
Web:

Overview

The mission of the Armaments Corporation of South Africa SOC Ltd (ARMSCOR) is to become the premier defence technology and acquisition service provider for the South African Government and its allies on the African continent and in the world.

Armscor is renowned for its acquisition expertise in providing defence turnkey solutions, which encompass technology development, product development and support, product upgrading, as well as disposal of equipment. Its research and development focuses on producing cutting-edge technology products.

The organisation prides itself on maintaining high-quality international standards through rigorous testing and evaluation processes on all its technology management projects. Armscor is committed to driving creativity and innovation in collaboration with strategic partners. The organisation also provides marketing support to the South African Defence Industry (SADI).

Office Bearers/Management

Chairperson
Vice Adm R Mudimu
Chief Executive Officer
Mr K Wakeford

Chairperson:
Vice Adm RJ Mudimu
Deputy Chairperson:
Ms Thembile Skweyiya
Board Members:
Adv VLA de la Hunt
Mr JG Grobler (CFO)
Dr M Khanyile
Mr NM Tyibilika
Mr RM Vokwana
Mr KPE Wakeford (CEO)
Chief Executive Officer:
Mr KPE Wakeford
Chief Financial Officer:
Mr JG Grobler
Senior Management:
Mr TT Goduka (General Manager: Dockyard)
Mr NM Mabaso (Chief Information Officer)
Mr S Mbada (General Manager: Human Resources)
Dr N Mkaza (General Manager: Research and Development)
Mr Johannes Sipho Mkwanazi (General Manager: Acquisition)
Ms JL Mzili (General Manager: Marketing and Business Development)
Mr GO Radebe (General Manager: Quality)
Adv CVV Ramphele (General Manager: Corporate Compliance)
Mr NB Senne (Company Secretary)
Communications Officers:
Ms Barileng Dichabe
Ms Theresa Potgieter (Human Resources: Remuneration and Benefits Manager)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEClean AuditClean AuditFinancially UnqualifiedClean Audit
 
FINANCIAL POSITION
Current Assets1 099 600988 500849 200813 100
Non-Current Assets1 725 2002 049 0002 053 4001 931 300
Total Assets2 824 8003 037 5002 902 6002 744 400
Current Liabilities446 600383 900314 900370 700
Non-Current Liabilities186 000658 600679 700569 000
Total Liabilities632 6001 042 500994 600939 700
Total Net Assets2 192 2001 995 0001 908 0001 804 700
 
FINANCIAL PERFORMANCE
Total Revenue1 408 2001 528 1001 447 6001 214 900
Revenue from Exchange Transactions549 500614 800576 900n/a
Revenue from Non-Exchange Transactions858 700913 300870 700n/a
Total Expenditure(1 568 900)(1 443 900)(1 344 300)(1 127 000)
Employee Costs(977 900)(914 500)(836 800)(707 000)
Surplus/(Deficit) for Year(160 700)84 200103 30087 900
 
CASH FLOW
Net Cash Flows from Operating Activities(597 300)185 80097 100289 000
Net Cash Flows from Investing Activities585 600(7 300)(87 400)(42 200)
Cash & Cash Equivalents at End of Year865 800877 500699 000689 300
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure13 20034 500--
Fruitless & Wasteful Expenditure----
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filled1 3831 437n/an/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a

Overseeing Department/Entity

Annual Reports


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@nationalgovernment.co.za so that we can correct them.
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