President Jacob Zuma delivers the State of the Nation Address to a joint sitting of Parliament of the Republic of South Africa. (Photo: DoC).
JOHANNESBURG - President Jacob Zuma says government's Operation Phakisa is on track.
He was reporting to stakeholders on the progress of the initiative in Durban.
He launched it in 2014 as a means of fast-tracking the implementation of the National Development Plan (NDP).
It deals with reigniting growth, job creation and to improve socio-economic services.
According to Zuma, “Thus far we have unlocked investments totaling R24.6 billion, with a government contribution of R15 billion. Over 6,500 jobs have been created through this Oceans Economy segment of Operation Phakisa.”
There are plans in the pipeline to further explore the oceans economy through the yet-to-be-established KwaZulu-Natal Boat building Park.
“The park is planned to be a world-class space for the production and repair of leisure and commercial boats. It will be the single largest boat building facility in Southern Africa. It will also accommodate emerging and black-owned boat building companies and key suppliers. The project represents an investment of more than R250 million and will have the capacity to produce up to 150 boats annually, mainly for the export market,” says Zuma.
One Korean investor thinks South Africa needs skills development to succeed in unlocking the oceans economy.
According to Seuns Sik, a Korean shipping investor, “Through Operation Phakisa, we need a proper education and training program and the South African government strong leadership.”
Young people say they want more job and business opportunities.