By many accounts the international arms trade industry experiences a high incidence of malpractice, with purchasing countries often having been the victims of very costly exploitation. With this in mind, the Committee has considered the transactions and the broader financial and fiscal implications pertaining to the recent South African arms purchases. These have been considered through the Auditor-General's special review [RP 161-2000] and the Committee's subsequent public hearing concerning these acquisitions and through the substantial quantity of solicited and unsolicited information it has gathered. The Committee's resultant observations and findings provide the basis for the following Report and its accompanying recommendations.