OCEANS ECONOMY BY JESSIE TAYLOR
South Africa’s oceans economy
Operation Phakisa BOOSTING SOUTH AFRICA’S OCEAN ECONOMY THROUGH THE SUPPORT OF THE PRIVATE SECTOR A network, spearheaded by private sector stakeholders, has been established to encourage South Africa’s maritime economy. The newly established Maritime Industry Transport Development Task Force Network offers a significant boost for the oceans economy, by cutting red tape in the industry and supporting government efforts to create jobs through maritime activity.
CAPTURING A LARGER SHARE OF THE MARITIME MARKET With CEO of Durban-based Sandock Austral Shipyards, Prasheen Maharaj at the helm as president of the Maritime Transport Development Network, the organisation has the full support of the Department of Transport. The initiative aims to support the government’s Operation Phakisa programme. The programme aims to create one million new jobs and unlock R177 billion of value to the GDP through the maritime sector.
32 | Public Sector Leaders | October 2023
The Chief Director of Maritime Transport: Policy and Legislation, Dumisani Ntuli said the government welcomes public private partnerships, especially as the maritime sector is critical for economic growth. He added that around 80% of the economy depends on the maritime sector. Every year, around 300 million tons of cargo moves through South Africa’s ports in imports and exports. In addition, 1.2 million tonnes of liquid fuels move along our coast, while the rapidly
