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Thales Group SA (formerly Thomson-CSF) | 4FactSake

Institutions
Thales Group SA (formerly Thomson-CSF)

Private Company

Thales Group SA (formerly Thomson-CSF)

Thales

operational

Overview Cases

R47.0 billion

Total financial exposure

French defence electronics company (formerly Thomson-CSF). Provided the combat suite for the corvettes through its South African subsidiary, African Defence Systems (ADS). Schabir Shaik's company Nkobi Holdings held a stake in ADS. The Shaik trial proved that Thomson-CSF agreed to pay Zuma R500,000 annually in exchange for his protection. Thales is a co-accused alongside Zuma in the ongoing corruption trial. Thales has denied wrongdoing.