Aquaculture projects to be implemented in the Eastern Cape
01 Feb 2016 | Admin Author
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The Eastern Cape is one of four provinces, along with the Western Cape, North West and KwaZulu-Natal where nine aquaculture projects will be implemented.
Spelling out progress with regard to unlocking the “Oceans Economy” as one thrust of Operation Phakisa, President Jacob Zuma said this morning that the Aquaculture Work stream had underlined the high growth potential of the country’s aquaculture sector due to increasing demand for seafood.
He said the work stream had identified eight initiatives to spur the growth of the sector, adding that one of these would address the selection and implementation of 24 projects across South Africa by 2019.
Zuma said the work stream had also proposed the establishment of an Aquaculture Development Fund that would consolidate the approximately R500 million of government funds from five departments into one pot.