# Parliament’s Joint Standing Committee on Defence has stressed the importance of having a well-functioning defence industry supported by an effective regulatory and oversight framework. The National Conventional Arms Control Committee has released its first quarter report on the approval of import and export permits for conventional arms. The NCACC approved 64 contracting permits valued at 17-billion-rand, 86 export permits for munitions costing 855-million-rand and 29 export permits for dual-use components valued at 172-million-rand. The committee says these approvals reflect the continued strength and growth potential of South Africa’s defence industry.
Parliament committee says defence industry continues to contribute to SA’s economic growth and development