Ricochet News

ECape expected to benefit significantly from Operation Phakisa

Apr 9, 2016
ECape expected to benefit significantly from Operation Phakisa

President Jacob Zuma has expressed confidence that the progress of government’s ocean driven economic incentive, known as Operation Phakisa, would help boost the country’s economy and create new jobs.

Addressing mainly ANC supporters and a large government delegation, which included Eastern Cape Premier Phumulo Masualle and Nelson Mandela Bay Executive Mayor Danny Jordaan, inside a packed marquee at the Port Elizabeth harbour on Friday as part of a progress report, Zuma stated that the incentive has yield positive results so far with over 4 500 jobs having been created in the various sectors since its inception two years ago.

“Thanks to Operation Phakisa, government has managed to unlock investment amounting to R17-billion in the ocean economy. The programme has added great importance in the developing of infrastructure and also proves what can be achieved when we work together,” Zuma said.

He said government would investment heavily in the developing and upgrading of ports and harbours, with an estimated R7-billion expected to be spend over the next few years by Transport Ports Authority.

“We want our ports to be more efficient and have the necessary infrastructure to service the maritime industry and attract investment. All spheres of government must therefore be involved in removing any obstacles going forward”.

Aside from the upgrades, which includes the building of a bigger slipway and jetties in the Port Elizabeth harbour to service and maintain twelve vessels instead of the current two, Zuma also confirmed that around R400-million of private sector and government funds would be invested into the creation of ten aquaculture farms in the Eastern Cape, KwaZulu-Natal, Northern Cape and Western Cape.

Responding to job creation, the President also announced that R295-million would be spent by the National Skills Development Fund on skills development at the Nelson Mandela Metropolitan University, in direct response to Phakisa.

Speaking directly after Zuma, Jordaan stated that the establishing of Operation Phakisa would take the pressure of the automotive industry as the biggest supplier of jobs in the Metro.

“What the Metro needs is fundamental economic transformation instead of just change. The motor industry has reached is capacity in terms of job creation and cannot take any more people, hence we need to look at other sectors to grow the economy,” Jordaan said.

“Operation Phakisa has given new life and helped kicked start job creation [in Nelson Mandela Bay]. This is transformation in action and not just change”.