'Report of R4bn jet for JZ is rubbish! We can’t afford that!' – Armscor CEO

We are not going to do anything irresponsible, that I can guarantee you.

Kevin Wakeford, CEO of Armscor

The South African Air Force and Armscor say they have – despite reports to the contrary - not committed to buying a new R4 billion presidential jet, yet.

They do, however, admit they have received a “request for information on possible options”.

“I don’t know where the R4 billion comes from because, quite frankly, we can’t afford that,” said Armscor Chief Executive Kevin Wakeford.

“We are looking at a whole variety of options, but we are seeking information to establish the facts.”

The Money Show's Bruce Whitfield interviewed Wakeford.

Scroll down for quotes from the audio below.

This is just ‘testing the market’.

Kevin Wakeford, CEO of Armscor

Once we have established the facts we’ll make a determination on moving forward.

Kevin Wakeford, CEO of Armscor

This process will probably take a few months. The Minister made it clear it’s an urgent requirement, so we’ll probably speed up the process.

Kevin Wakeford, CEO of Armscor

We will explore all options. SAA is welcome to bid.

Kevin Wakeford, CEO of Armscor

I can’t disclose what our budget is, because we’re looking at a variety of options.

Kevin Wakeford, CEO of Armscor

If we disclose what we intend to spend it corrupts the process. However, we will NOT spend R4 billion on a capital acquisition.

Kevin Wakeford, CEO of Armscor

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