The story
Origins and Sanctions Era (1977–1994)
The company's origins trace back to the establishment of the Olifant Manufacturing Company (OMC) in 1978. Its creation was a direct response to the mandatory arms embargo imposed against South Africa by United Nations Security Council Resolution 418 in 1977. The embargo compelled the domestic defence industry to become self-sufficient, leading to the establishment of OMC to produce the Olifant tank for the South African Army.
OMC was soon acquired by Reunert and became a division known as Reumech OMC. This period marked the company's most prolific phase of vehicle development, driven by the operational demands of the South African Border War. The South African Defence Force's initial lack of suitable equipment for the conflict in Angola created an urgent need for advanced and capable armoured vehicles.
Post-Apartheid Acquisitions (1999–2004)
After South Africa's 1994 democratic elections and its readmittance to the international community, the company attracted foreign interest. In September 1999, Reunert sold its mechanical defence division to the British engineering company Vickers for between R84 million and R116 million, and the company was renamed Vickers OMC.
On 30 September 2002, the British military-industrial firm Alvis plc acquired Vickers' defence interests and purchased a 75% stake in the South African branch, renaming it Alvis OMC. In 2004, BAE Systems purchased the military vehicle division of Alvis, and OMC became part of BAE Systems' Land Systems division, undergoing its final name change to Land Systems OMC.
Black Economic Empowerment (BEE) Partnership
Under BAE Systems' ownership, LSSA was 75% owned by BAE, with the remaining 25% held by a Black Economic Empowerment partner, DGD Technologies 2001 (Pty) Ltd. Notable shareholders in DGD Technologies included Moeletsi Mbeki, brother of former South African president Thabo Mbeki, and Diliza Mji.
From Wikipedia’s article on BAE Systems Land Systems South Africa, shared under CC BY-SA 4.0.4
