South Africa has embarked on a major plan to boost the country’s job sector. The Department of Fisheries and Environment wants to develop the country’s marine economy, which will play a key role in creating 1 million jobs.
A draft titled ‘Towerds a South African oceans economy master plan is being discussed a lot. In this master plan, the issue of new job creation and the GDP of the country has been given importance.
If South Africa could really tap into the full extent of its maritime economy, its GDP could range from $129 to $177 billion.
The South African government hopes to create more than a million jobs by developing the maritime economy. the
Francois Vray, a maritime security and piracy expert at Stellenbosch University, said the plan was very interesting. However, it should be noted that security must be looked at to fight crime. Therefore, it is necessary to take care of what measures will be taken to ensure security.
A number of crimes centered around syndicate groups in South Africa’s maritime region. Syndicates are creating hurdles to prosper in maritime trade, fishing, maritime trade, etc.
So security measures need to be strengthened to stop these syndicate groups. Because they are taking advantage of the lack of safety measures, and the marine economy is repeatedly suffering.
However, everyone expects such a master plan to be very useful for the South African economy at present.
In this master plan, it has been taken care of to make business and trade at sea easier than before. The government is determined to develop oil and gas in and near the sea.
The Master Plan calls for the development of South Africa’s fisheries and aquaculture industry. Seaport imports and exports will increase further. Experts expect the project to materialize within 10 years.