The graft, alleged by the head of an investment management firm, is said to implicate Nelson Mandela and Thabo Mbeki
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/ 15 November 2007
Local companies have benefited to the tune of R850-million from defence offset contracts for equipment installed aboard the South African Navy’s four new Valour-class frigates. South Africa has acquired the four new frigates at a total cost of about €500-million (about R4,9-billion).