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Oceans Economy contributes immensely to SA's economy

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South Africa is surrounded by a vast ocean which has not fully taken advantage of the immense potential of this untapped resource. The oceans have the potential to contribute up to 177 billion rand to the gross domestic product (GDP) and create just over one million jobs by 2033. The Port of Durban, commonly called Durban Harbour, one of the busiest port in Africa. The Durban Port is South Africa's main cargo and container port, handling the largest volume of sea-going traffic of any port in southern Africa. Ideally placed on major shipping routes and with excellent rail and road links, the port plays an integral role in the country's economy. We focus more on Operation Phakisa and how Oceans Economy is contributing to the country's economy.For more news, visit: http://www.sabc.co.za/news

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SABC News actuality world news local news Oceans Economy employment creation Durban Harbour Port of Durban Operation Phakisa
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