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, No 16, Monday 25th August, 2008

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MAIN HEADLINES FROM THIS ISSUE:

  • “MAN Ferrostaal bribed Thabo Mbeki, Jacob Zuma, and the ANC” Newspaper goes for the kill in “Offset con”

    President Thabo Mbeki is threatening legal action against South Africa’s Sunday Times after the newspaper published agonizingly detailed allegations of corruption concerning the German conglomerate MAN Ferrostaal and the country’s submarine contract. The newspaper claims that there has been what it calls “an offset con.”…

  • India: “DPP 2008 fails to clarify technology policy

    Deba R. Mohanty, Senior Fellow for Security Studies at the Observer Research Foundation, a New Delhi-based think tank, said Indian industry would remain backward in gaining technology unless the government clearly spells out its policy on technology transfer. “I don’t think the latest DPP has thrown clarity on this,” he said…

  • Saab’s ‘Improved’ offset offer to Norway is 20% lower than before

    Saab’s apparently generous offer to Norway in connection with its Gripen project might not be as big-hearted as it appears. “Today, I can state that Saab and the Norwegian business community have identified collaboration projects to such an extent that we can now increase our commitment regarding industrial collaboration projects to at least 180 percent [by way] of the offset value over a period of ten to fifteen years,” promised Ake Svensson, CEO and President of Saab. “Our discussions will continue.”…

  • Gripen completes Hungarian obligations early and to mutual satisfaction

    Hungary’s Ministry of Economy and Transport has signed off the final offset achievements submitted by the Saab/Gripen team. The Gripen obligation in Hungary has now been completed. The total value of the offsets delivered is 7419m SEK ($45.5m), a company statement declared…

AND LOT'S MORE...

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