Driving economic transformation through the transport sector
South Africa’s transport and logistics industry contributes around R270-billion to the country’s GDP and offers an essential service to other sectors identified as critical drivers of economic growth in the country’s Economic Reconstruction and Recovery Plan (ERRP), especially mining, agriculture and manufacturing.
Operation Phakisa: Creating a transformative space for oil and gas exploration
A key focus for the South African Government in developing its ocean economy is the exploration of offshore gas and petroleum resources. This exploration falls under Operation Phakisa, a programme designed to help the country take advantage of the untapped potential of South Africa’s coastline.