South African President
We are pleased that China is keen to share lessons and cooperate with us in the implementation of our ambitious blue economy program, Operation Phakisa. This program will initially be implemented in two sectors - the ocean economy and health, especially clinics. We chose the ocean economy with good reason. South Africa’s coastline, approximately 3,924 km long, is yet relatively unexplored in terms of its economic potential. In 2010, oceans contributed approximately 54 billion rand ($4.66 billion) to the economy and accounted for 316,000 jobs.
To tap into them, the government has identified four priority sectors: marine transport and manufacturing activities such as coastal shipping, trans-shipment, boat building, repair and refurbishment; offshore oil and gas exploration; aquaculture and marine protection services; and ocean governance. It is estimated that the oceans have the potential to contribute approximately 177 billion rand ($15.26 billion) and create up to 1 million direct jobs. We look forward to working with China in moving Operation Phakisa forward.