News & Press: General

Zuma places ocean economy in crosshairs as Operation Phakisa launched

Thursday, 16 October 2014   (0 Comments)

Marking South Africa's first large-scale effort towards harnessing the up to R177-billion economic potential of its coastline, President Jacob Zuma has officially launched Operation Phakisa – an initiative adapted from Malaysia's Big Fast Results Methodology that aims to exploit the country’s vast, but as yet untapped, ocean resources.  

Connecting teams from government, labour, business, academia and other sectors, the initiative would see experts working in experimental laboratories to explore ocean-related economic opportunities, which government believed had the potential to create over one-million jobs by 2033. Full article - Engineering News...


Contact Us

Email: info@saimeche.org.za

Call: +2711 615-5660

Connect With Us