Paramount Group Expands into Ukraine's Armoured Vehicle Market
Paramount Group, Africa's largest private defence company, is expanding its presence in Ukraine's armoured vehicle market. The South African-based company, founded by Ivor Ichikowitz, is leveraging its European subsidiary, Paramount Greece, to enter the market amidst the ongoing conflict in Ukraine. The company showcased a locally adapted Mbombe 4 vehicle to Ukrainian defence stakeholders, marking a significant engagement with a conflict-zone customer. This move comes as South Africa navigates complex diplomatic ties with Russia while maintaining a policy of non-alignment.