An Analysis of ‘Operation Phakisa’ to Unlock the Potential of Ocean Resources in South Africa

Abstract

South Africa is endowed with vast ocean resources and wealth which have the potential to provide enormous socio-economic goods and services to the people and create massive economic growth and wealth if vigorously explored and tapped. This assertion is made against the backdrop of the recent government strategical initiative, under the auspices of ‘Operation Phakisa’, to unlock and explore the full potential of the ocean’s wealth to drive economic growth, create jobs and alleviate poverty. This paper seeks to accentuate that the Operation Phakisa initiative has the potential to strategically unlock underexplored ocean resources for purposes of creating sustainable economic growth, development, and alleviation of hunger and poverty. It concludes that effective and sustainable use of the ocean’s wealth depends on good, efficient governance policies, practices and management. Methodically, a qualitative non-empirical research approach was adopted and utilized in this study by sourcing, drawing upon and using information and insights from contemporary literature to address identified problems.