433369666-The-Case-for-Investing-in-South-Africa

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OCEANS ECONOMY
• Several factors support South Africa’s
relative competitive advantage for the
development and growth of maritimerelated
services industries. Importantly,
South Africa is the strategic African hub
for maritime operations in the South-
South trade corridor from Asia to the
eastern coast of South America and
connector routes along the eastern and
western coasts of Africa.
• South Africa’s proximity to offshore and
exploration sites around Africa, supported
by sophisticated technology, skills and
infrastructure, makes the country a
compelling site for investment in maritime
services.
SELECT INVESTMENT OPPORTUNITIES IN THE
OCEANS ECONOMY:
• Repair and maintenance of ships and drilling rigs,
supported by extensive infrastructure and deep supply
chains.
• Investment in next-generation ship- and boat-building
technology services.
• Bunkering, re-supply and medical support services.
• Provision of storage and logistics services.
• Port operations consulting services.
• Provision of maritime training services.
• Opportunities for private equity investment in local and
pan-African project development.
• The country has eight major ports,
including two of the world’s top container
ports and two of the world’s biggest dry
bulk ports, with capacity for Panamex,
Capesize vessels and ultra-large container
ships. Durban port and Saldanha Bay
also have the capacity for offloading large
crude carriers.
• A major opportunity pertains to ship/
oil rig repair and maintenance services
provided to ocean vessels travelling along
one of the world’s busiest shipping routes.
Underpinned by significant skills locally,
there are unique opportunities to service
(maintain and repair) marine oil rigs along
the west coast of Africa, as well as new
natural resource extraction projects (e.g.
gas in Mozambique).
• The government’s strategic support
programme, precipitated by the Operation
Phakisa for the Oceans Economy, has
set a target to grow its GDP contribution
to ZAR177-billion by 2033, equivalent
to 350% growth of its total value-add
in 2016, according to the Department
of Environment, Forestry and Fisheries.
This will unlock significant investment
opportunities.