banner

Sabrina_I
439 Views

Minister woos European maritime investors to South Africa’s oceans


Deputy Transport Minister Sindisiwe Chikunga hosted an investment seminar in London on Tuesday to promote investment in South Africa’s multi-billion-rand oceans economy, where she announced that South Africa’s 2030 National Development Plan (NDP)’s aim was to grow the country’s economy in a manner that eliminated poverty and reduced unemployment.

South Africa is situated on one of the busiest international sea routes that is very critical to international maritime transportation. Our geographical location presents a huge opportunity for investing in a diversified maritime market, Chikunga pointed out in her speech at the seminar.

Research has shown that SA’s oceans economy had the potential to contribute up to £9.8bn (R189bn) to South Africa’s Gross Domestic Product (GDP) and create about a million jobs.

Part of the purpose of Chikunga’s London visit was to share information on the recent developments South Africa achieved in growing our oceans economy.

“We need potential partners on a win-win basis to support South Africa’s oceans economy strategy. We extend an open invitation to investors to visit South Africa to further explore vast investment opportunities,” she said.

The seminar, Oceans Economy Investment Seminar was part of Operation Phakisa – an initiative focused on driving the economic potential of the country’s oceans. The seminar welcomed Europe based investors who were looking towards investment in South Africa, and particularly investing in maritime related interests.

From ship builders, to maritime transporters, import and export business, to all maritime related investors, the seminar showed South Africa’s true potential as a maritime nation. Presentations were delivered by Chikunga, High Commissioner Obed Mlaba, South African Oil and Gas Alliances’ Ebrahim Tokalia, Head of Operation Phakisa in the Presidency Ismail Akhalwaya and Transnet’s Richard Vallihu. The British special envoy for trade to South Africa, Baroness Patricia Scotland also attended and presented at the Seminar hosted by the Chikunga.

Chikunga was also present last week at the International Maritime Organisation special plenary session, followed by visits to harbors and Ports in England, including Plymouth, South Coast of Devon England, held various stakeholder meetings with maritime business and organisations and which finally ended with the intensive one day Seminar.

Source: cnb


Follow Alive2Green on Social Media
TwitterFacebookLinkedInGoogle +

Recently Published

Screen Shot 2017-08-17 at 8.56.14 AM
»

Cape Town Tourism will continue to build on the city’s tourism success

Cape Town Tourism’s service level agreement (SLA) has been ...

Screen Shot 2017-08-16 at 3.00.37 PM
»

Mining can be green and “sustainable”

Miners, First Nations feed fodder to government policy ...

Water and Mining - [https://www.miningreview.com/magazine_articles/water-and-power-efficiency/]
»

Water and power efficiency walk hand in hand

South African mining companies can manage water usage as part of a ...

Airport Craft Brewers barman Oscar Sentane prepares to serve one of Marali's blonde lagers at the O.R. Tambo airport in Johannesburg, South Africa.
»

Lift Off for Africa’s First Airport Brewery

There is a new addition to Africa’s busiest air transport hub, O.R. ...

agri
»

African Agri Investment Indaba

600+ GLOBAL LEADERS, 40+ EXPERT SPEAKERS 100+ KEY INVESTORS, 50+ ...

saeec1
»

12th Southern African Energy Efficiency Conference (2017SAEEC)

12th Southern African Energy Efficiency Conference (2017SAEEC) 14 ...

Screen Shot 2017-08-16 at 9.55.19 AM
»

Africa feeding Africa

While North America’s farmers pin their career hopes on the need to ...

Screen Shot 2017-08-16 at 9.40.05 AM
»

Get ready for climate impacts beyond your imagination

It’s time to start imagining the worst weather scenarios possible, ...

Screen Shot 2017-08-16 at 9.30.01 AM
»

15 African youth finalists in entrepreneurship prize

Fifteen emerging young African entrepreneurs will put their talent to ...