President Jacob Zuma will visit Port Elizabeth on Friday to inspect progress made in developing marine transport infrastructure.
The visit is part of the country’s Oceans Economy initiative. South Africa is unlocking the oceans economy as part of Operation Phakisa, which is modelled on the success of the Malaysian “Big Fast Results” methodology.
Operation Phakisa is one of the job drivers in the Nine-Point Plan that aims to grow the economy, create jobs, transform the economy and attract investment. Government has estimated that the oceans have the potential to create just over one million jobs by 2033.
“The Oceans Economy is one of the three streams of Operation Phakisa and takes the country closer to unlocking the potential of South Africa’s oceans, which has the potential to contribute up to R177 billion to the gross domestic product and create over one million new jobs,” Cabinet said in a statement on Thursday.
During its meeting, Cabinet also assessed the Third Quarter Outcomes Progress Reports for the period October to December 2015.
“Cabinet has noted that while significant progress was made in respect of most of the indicators, there are still areas that require coordinated interventions by government.”
The reports show significant progress in the implementation of government programmes that have a direct impact on improving the lives of South Africans.
The Outcomes Progress Reports provide evidence that government has made progress in achieving the targets set out in the Medium Term Strategic Framework 2014-2019.
They also take us closer to realising Vision 2030, as articulated in the National Development Plan, which aims to tackle poverty, unemployment and inequality.
Cabinet noted the reasonable progress that was made to achieve the key targets and outputs.