Govt sets aside billions for new port facilities
President Jacob Zuma says R7 billion has been committed to new port facilities. This follows the adoption of a Public- Private-Partnership model
for port infrastructure development by Transnet National Ports Authority.
Delivering his State of the Nation Address in Parliament, President Zuma said government was concerned that South Africa did not own vessels while the country is surrounded by about 3,000 km of coastline.
“I am pleased that two bulk carrier vessels have been registered in Port Elizabeth, and a third tanker in Cape Town under the South African flag,” he said.
Operation Phakisa Big Fast results methodology was launched in 2014 and implemented in the ocean economy, health, education and mining sectors.
Through Operation Phakisa, government aims to implement its policies and programmes better, faster and more effectively.
Another positive Operation Phakisa development has been the launch of a fuel storage facility in Cape Town, bringing an investment of R660 million.
“Aquaculture appears to be an important growth area within the oceans economy segment of Operation Phakisa. Nearly R350 000 private-sector investment has been committed in the aquaculture sector.
“Nine aquaculture farms are already in production. These farms are located within the Eastern Cape, KwaZulu-Natal, Western Cape and Northern Cape,” said the President.
Operation Phakisa is an adaptation of the Big Fast Results methodology that was first successfully applied by the Malaysian Government in its economic transformation programme.
Through this initiative, the Malaysian government was able to register impressive results within a short period.