Study reveals maritime economy’s potential to boost SA’s economy, job market
According to a Nelson Mandela Metropolitan University study, South Africa’s oceans have the potential to contribute R54bn to the GDP and an estimated potential to create 316,000 jobs. At the launch of Operation Phakisa in 2015, marine transport and manufacturing were estimated to contribute nearly R25bn to the GDP by 2020, and an excess of 15,000 direct and 45,000 indirect jobs within the same timeframe. “South Africa’s oceans economy presents an opportunity to stimulate growth in the management of shipyards, dry docks, marine repair shops and similar enterprises,” says Damian Bellairs, managing director, marine solutions at Servest.
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