Operation Phakisa is a good example of government and the private sector coming together to share views and implement plans to improve the South African economy, says President Jacob Zuma.
The President recently updated the nation on the implementation of the various segments of Operation Phakisa, in Pretoria. He said the methodology does not only bring government and the business sector together, but also invites the South African society and academia on board, and that makes it unique. The President said significant progress has been recorded in the implementation of Operation Phakisa on Ocean Economy, a year later since its launch in July last year. The methodology is designed to implement the National Development Plan (NDP) priorities in key socio-economic sectors.The Ocean Economy Phakisa
“On Ocean Economy Phakisa, a study conducted recently by the Nelson Mandela Metropolitan University had quantified the value of our oceans. “In the initial study in 2010, the oceans around South Africa were estimated to have a potential to contribute about R54 billion to the Gross Domestic Product (GDP), and an estimated 316 000 jobs,” said the President.He said further analysis undertaken in 2013, found that nine sectors of South Africa’s ocean economy could generate an estimated GDP contribution of R129 billion to R177 billion by 2033, and double the number of jobs estimated in 2010.
He said opportunities are being explored in various areas, like the repairing of rigs and the servicing of vessels.
