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South African Business 2016 edition

  • Text
  • Investment
  • Government
  • Business
  • Development
  • Network
  • Sectors
  • Investing
  • Business
  • Africa
  • African
  • Economic
  • Manufacturing
  • Mining
  • Opportunities
  • Economy
  • Overview
South African Business is an annual guide to business and investment in South Africa. Published by Global Africa Network Media in Cape Town, the 2016 edition is in its fourth year of publication. The publication provides up-to-date information and analyses of the country's key economic sectors, as well as detailed economic overviews of each of the nine provinces in South Africa.

SPECIAL FEATURE

SPECIAL FEATURE Operation Phakisa hits the ground running Through Operation Phakisa the National Government aims to implement its policies and programmes better, faster and more effectively. President Jacob Zuma has been the driving force behind Operation Phakisa, a project designed in line with the goals of the National Developement Plan (NDP) 2030, which is promoting economic growth and boost job creation. “We had announced in June this year that we are chasing a growth target of 5% by 2019. To achieve that target, we require new and faster ways of doing things, and Operation Phakisa represents that new spirit of moving faster in meeting our targets,” said Zuma, speaking at his 2014 State of the Nation Address. Operation Phakisa adapts the Big Fast Results methodology first applied by the Malaysian Government, successfully, in the delivery of its economic transformation programme. The operation addressed their national key priority areas such as poverty, crime and unemployment. It involves setting up clear targets and follows up with on-going monitoring process which makes the results public. Through this initiative, the Malaysian government was able to register impressive results within a short period. President Zuma said South Africa has renamed the Malaysian Big Fast Results approach as Operation Phakisa — from a Sesotho word, which means “Hurry Up”, to highlight the urgency with which government wants to deliver on some of the priorities encompassed in the NDP. The initiative will initially be implemented in two sectors—the ocean economy and health. representatives from government, industry, labour, civil society and academia to collaborate in unlocking the economic potential. Speaking at the launch of the initiative at the Inkosi Albert Luthuli International Convention Centre, in Durban, President Zuma said government chose the ocean economy with good reason. “South Africa is uniquely bordered by the ocean on three sides — east, south and west. Diving into the blue economy The first phase of the implementation will focus on unlocking the economic potential of South Africa’s oceans. This will be done together with SOUTH AFRICAN BUSINESS 2016 18

With the inclusion of Prince Edward and Marion Islands in the southern ocean, the coastline is approximately 3 924km long,” he told the delegates, which included industry, labour, civil society and academia. But despite this, the vast ocean space is relatively unexplored in terms of its economic potential. “The ocean has a potential to contribute to the Gross Domestic Product (GDP) up to R177- billion. The ocean also has a potential to contribute between 800 000 and one million direct jobs,” said President Zuma. In 2010, the oceans contributed approximately R54-billion to South Africa’s GDP and accounted for approximately 316 000 jobs. Also at the launch, Environmental Affairs Minister Edna Molwea acknowledged the SPECIAL FEATURE invaluable contribution of oceans and coasts to the development from throughout the continent. “The long-term developmental programmes of the world can no longer be based on land resources only; it must also include the coast and ocean resources.” Government has identified four priority focussectors for Operation Phakisa. These are marine transport and manufacturing activities (such as coastal shipping, trans-shipment, boat building, repair and refurbishment) offshore oil and gas exploration; aquaculture as well as marine protection services and ocean governance. The second implementation of Operation Phakisa was to pilot the health sector’s Ideal Clinic Initiative to improve service delivery in the country’s clinics nationwide, which commenced 19 SOUTH AFRICAN BUSINESS 2016

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