south africa kickstarts maritime leg of development plan
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

South Africa kickstarts maritime leg of development plan

Arab Today, arab today

Arab Today, arab today South Africa kickstarts maritime leg of development plan

A cargo ship and cranes in the port of Durban
Durban - AFP

South African President Jacob Zuma promised Saturday to help ramp up investment in the country's maritime industries as part of an ambitious plan to boost economic growth and cut unemployment.
"The vast ocean space is relatively unexplored in terms of its economic potential," said Zuma in the eastern coastal city Durban as he launched the first part of the project.
He has tasked government, industry and civil society experts with drawing up detailed plans to develop the country's shipping and shipbuilding, offshore oil and gas exploration, and fish farming industries.
Economic activity around South Africa's 3,900-kilometre (2,440-mile) coastline has the potential to contribute $16.6 billion (12.3 billion euros) to the country's GDP and to create up to one million jobs -- tripling current production and employment figures, said Zuma.
The proposals are part of the National Development Plan (NDP), which the government hopes will provide a framework for massive infrastructure upgrades to help improve the economy.
The plan was adopted in 2012 but attempts to implement any of the measures within it have met fierce opposition from the African National Congress' (ANC) ruling partners.
The ANC-allied Congress of South African Trade Unions (COSATU), the country's largest trade union federation, also opposes the plan, which it says will hit workers' rights.
"We feel the NDP is seriously flawed and self-contradictory," COSATU spokesman Patrick Craven told AFP on Saturday.
"We still want to see it completely redrafted."
But the ANC has touted its overwhelming victory in elections in May -- when the party won 62 per cent of the vote -- as a sign of support for the plan.
Over a quarter of the population is currently unemployed in Africa's most developed economy, which has battled to shake off sluggish growth.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south africa kickstarts maritime leg of development plan south africa kickstarts maritime leg of development plan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south africa kickstarts maritime leg of development plan south africa kickstarts maritime leg of development plan

 



GMT 01:46 2017 Thursday ,07 September

Kaag, Lassen tour demining zone in Nabatieh

GMT 19:07 2017 Saturday ,21 October

Plague killed 94 in Madagascar -- WHO

GMT 01:25 2017 Thursday ,05 January

Strong Earthquake Strikes Off Coast of Fiji

GMT 08:31 2016 Tuesday ,29 November

From Brazil crashes in Colombia

GMT 06:11 2017 Friday ,22 September

Siemens stock gains on reports of rail tie-up schemes

GMT 11:44 2017 Wednesday ,20 December

German FM underlines need to undermine Iran

GMT 11:25 2017 Thursday ,01 June

Oman bus crash victim died on way to his new job

GMT 16:14 2017 Tuesday ,14 March

Pence to tour Asia next month amid security crises

GMT 09:30 2017 Monday ,09 January

Iraq forces in Mosul punch to Tigris

GMT 18:54 2017 Friday ,25 August

Indonesia to intensify economic ties with Africa
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday