Briefing the media following Cabinet's regular meeting, Muthami said the executive had welcomed the launch of Operation Phakisa, which is set to contribute up to R177bn to the country's GDP by the year 2033.
Operation Phakisa is aimed at fast-tracking the delivery of the priorities outlined in the National Development Plan (NDP), which is the country's blueprint for eliminating poverty and reducing inequality.
Muthambi said the Department of Environmental Affairs will lead collaboration with the industry, labour, civil society and academia to unlock the economic potential of the country's oceans.
"The shipping industry has the potential to create between 800,000 and one million direct jobs. These growth levers reflect at least 4% annual growth in both Gross Domestic Product (GDP) and job creation.
"In 2010, the ocean economy contributed about R54bn to South Africa's GDP, and accounted for about 316,000 jobs," said Muthambi.
She added that marine aquaculture, marine transport, offshore oil and gas exploration and marine protection have been identified as focus areas for further development.
SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.
Go to: http://www.sanews.gov.za
