The Operation Phakisa project has attracted R24 billion in investments in the country’s ocean economy since its launch three years ago, according to President Jacob Zuma.
R5.6 billion was secured by the Maritime Transport and Manufacturing Delivery Unit and R18.4bn was unlocked by the oil and gas sector, while aquaculture raised R444m in investments.
Incentives to the value of R428m have been provided by the Department of Trade and Industry.
“The programme is unique because it brings together sectors like business, labour, academia, and government – sectors that traditionally do not plan together – to work out the most ideal plans to achieve growth and development,” said Zuma.
He also noted that skills development was a core component of SA’s ocean economy.
“A total of 614 women have been trained in the marine and manufacturing sector and 733 women in the marine transport sector,” Zuma pointed out.
He went on to add that over 1000 youth had been trained in marine manufacturing and almost 2000 in the marine transport sector.
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R5.6bn was secured by the Maritime Transport and Manufacturing Delivery Unit. – Jacob Zuma
