Government wants the private-sector to save critical state-run industry

• The government is seeking private sector assistance to help revitalize the state-run Armaments Corporation of South Africa (Armscor) by developing profitable revenue-generating business cases.
• The company's intellectual property portfolio, valued at over R400 billion in 2016, has likely decreased due to years of military defunding and a shift in national priorities.
• A private sector consultant has been appointed to review Armscor's IP portfolio and assess the value of its defence assets for potential licensing, which is expected to attract new customers and generate sustainable income streams.