Amathole: As South Africa enters the next phase of developing its oceans economy, Deputy Minister of Forestry, Fisheries and the Environment, Narend Singh, has called for stronger collaboration between government and the private sector to turn opportunities in the sector into tangible benefits. Singh said achieving an ocean economy that benefits coastal communities requires investment in skills development, support for cooperatives, improved access to finance, and greater backing for youth and women entrepreneurs.
According to South African Government News Agency, the Deputy Minister emphasized the importance of partnerships in unlocking coastal opportunities, driving community growth, and building a thriving oceans economy. He addressed these issues at the Rural Oceans Economy Indaba 2026 in the Eastern Cape, held under the theme 'Unlocking Coastal Opportunities: Partnerships for Community Growth.'
South Africa's coastal waters support numerous ocean-based industries, contributing significantly to the national economy. In 2014, the government launched Operation Phakisa: Oceans Economy to unlock opportunities in sectors such as aquaculture, marine transport, offshore oil and gas exploration, and coastal tourism.
The initiative has led to the revitalization of coastal infrastructure, improved marine protection, and the promotion of emerging industries like aquaculture. The country is now focusing on the Oceans Economy Master Plan, which aims to enhance job creation, economic growth, and long-term development while ensuring environmental sustainability and inclusivity.
The plan outlines strategies to address constraints, boost investment, and promote growth in key ocean economy sectors. Singh highlighted the need for local development initiatives to align with national priorities, particularly in coastal districts like Amathole, which have benefited from initiatives under Operation Phakisa.
Singh concluded by stating that these initiatives illustrate the potential for rural economic development through sustainable marine resource utilization, demonstrating that economic growth and environmental sustainability can coexist.