Operation Phakisa has been launched which according to the government has the potential to create between 800 000 and one million jobs. It is all about tapping into the oceans around South Africa.

Faith Muthambi, Communication Minister, says, “Government has welcomed the launch of Operation Phakisa, which is set to contribute up to R177 billion to the country’s GDP by the year 2033.”

According to Muthambi, Operation Phakisa is aimed at fast-tracking the delivery of the priorities outlined in the National Development Plan (NDP), which is the country’s blueprint for eliminating poverty and reducing inequality.

“The Department of Environmental Affairs will lead collaboration with the industry, labour, civil society and academia to unlock the economic potential of the country’s oceans.”

“The ocean also has the potential to create between 800 000 and one million direct jobs. These growth levers reflect at least 4% annual growth in both Gross Domestic Product (GDP) contribution and job creation.

Said Muthambi, “In 2010, the ocean economy contributed about R54 billion to South Africa’s GDP, and accounted for approximately 316 000 jobs.”

Adding that marine aquaculture, marine transport, offshore oil and gas exploration and marine protection have been identified as focus areas of the ocean economy.

Source – SAnews.gov.za