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Is it viable for Govt to spend billions (R4 billion?) on a new Presidential jet?

11 May 2016 6:15 PM

The Money Show’s Bruce Whitfield interviewed Darren Olivier, Senior Correspondent at African Defence Review.

Defence Minister Nosiviwe Mapisa-Nqakula says her department is going ahead with procuring a new presidential jet.

She is, however, refusing to say how much Government is willing to spend.

Is this viable?

The Money Show’s Bruce Whitfield interviewed.

Scroll down for quotes from the audio below.

It’s really foolish. There’s no need to replace the current jet.

Darren Olivier (Senior Correspondent at African Defence Review)

The current presidential jet is only 15 years old, but designed to fly for 30 years commercially. But it’s used far less than a commercial jet.

Darren Olivier (Senior Correspondent at African Defence Review)

There has never been a safety issue with the current jet.

Darren Olivier (Senior Correspondent at African Defence Review)

You’re looking at about R4 billion.

Darren Olivier (Senior Correspondent at African Defence Review)

Leasing would be the worst option.

Darren Olivier (Senior Correspondent at African Defence Review)

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11 May 2016 6:15 PM