OBJECTIVES AND FUNCTIONS OF THE CORPORATION

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OBJECTIVES AND FUNCTIONS OF THE CORPORATION

• AS PER NEW REDRAFTED ARMSCOR ACT

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OBJECTIVES

• The objectives of the Corporation shall be to
  meet as effectively, efficiently and
  economically as possible the defence matériel
  requirements of the Department of Defence as
  determined by this Act.

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OBJECTIVES(cont.)

• The Corporation shall, in attaining its
  objectives, adhere within available resources to
  accepted corporate governance principles, best
  business practices and generally recognized
  accounting practices within a framework of
  established norms and standards that reflect
  fairness, equitability, transparency,
• accountability and the principles
• of legality

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FUNCTIONS POWERS

• 1. For the attainment of its
• objectives, the Corporation shall be vested with
  the following functions
• a. To acquire and to procure defence
  matériel for the Department of Defence
• b. To provide a quality assurance capability
  in support of the acquisition process and
  acquisition programmes

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FUNCTIONS POWERS (cont.)

• c. To dispose of excess, redundant,
  forfeited or surplus matériel of the
  South African National Defence Force
• d. To support and maintain strategically
  essential defence industrial capabilities,
  resources and technologies in consultation
  with the Department of Defence

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POWERS FUNCTIONS (cont.)

• e. With the approval of the Minister, in each
  case after consultation with the Minister
  of Foreign Affairs, and in such conditions as
  the Minister may approve, perform any function
  which the Corporation may perform in terms
  of this Act for and on behalf of another
  sovereign State

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POWERS Sec 3(2) (cont.)

• f. To render acquisition and procurement
  support to other organs of State with the
  approval of the Minister
• g. To undertake other related functions as
  may be determined by the Minister.

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POWERS FUNCTIONS (cont.)

• 2. In the execution of its functions, the powers
  of the Corporation shall, in addition to any
  other powers vested in it by this Act, include
• a. Providing professional programme
  management capabilities for approved
  acquisition and procurement programmes of the
  Department of Defence relating to defence
  matériel

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POWERS FUNCTIONS (cont.)

• b. Contracting industry to
• meet the requirements of
• the Department of
• Defence and other organs
• of State
• c. With a view to concluding the contracts
  referred to in paragraph (b), inviting
  offers and, subject to paragraph
  (d),determining

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POWERS FUNCTIONS (cont.)

• the manner in which and conditions
  subject to which such offers shall be made and
  considered
• d. Participating in the drafting
• of value systems for tender adjudication

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POWERS FUNCTIONS (cont.)

• e. Providing a system for
• tender management, tender evaluation and
  tender adjudication
• f. As the Government appointed quality
  assurance authority on defence matériel, to
  contract with local and foreign clients to
  render such a service against repayment and at
  no cost to the State

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POWERS FUNCTIONS (cont.)

• g. Managing defence industrial participation
  programmes and providing assistance on
  industrial participation exports
• h. Managing the Corporations strategic
  facilities and subsidiary companies which
  directly support the technology and
  acquisition strategies of the Department of
  Defence as well as the operations of the SA
  National Defence Force

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POWERS FUNCTIONS (cont.)

•  
• i. Managing the intellectual property acquired
  for the Department of Defence
• j. Managing technology projects that
  support acquisition programmes and government
  strategies

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POWERS FUNCTIONS (cont.)

•  
• k. Facilitating, in consultation with the
  Department of Defence and the defence- related
  industries, the marketing of the defence
  products of the Republic to international
  markets.