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Coega to develop R2bn aqua-farming facility

first_img26 August 2014The Coega Development Corporation (CDC) has announced plans to develop a R2-billion aqua-farming facility on 300 hectares of land at the Coega industrial development zone outside Port Elizabeth in the Eastern Cape.This follows the completion of a feasibility study indicating that local conditions were well suited for the commercial cultivation of marine animals and plants, including abalone, finfish and seaweed, Engineering News reported.“The CDC aims to dedicate 80 hectares to abalone farming by 2020, creating about 2 080 permanent jobs,” CDC agroprocessing project manager Dr Keith du Plessis told Engineering News on Monday. “South Africa is widely known to have of the best abalone and the best product in the world, all of which is exported to the Far East.”Finfish farming on a further 120 hectares of the industrial development zone (IDZ) had also been proposed, Du Plessis said.“Another species that could potentially be farmed is seaweed, which is complementary to abalone farming and can be used for abalone feed and various pharmaceutical uses.”He said the CDC was now advancing the relevant environmental impact assessments.Last month, the government unveiled a plan to unlock the economic potential of South Africa’s oceans, as the first activation of a new initiative, dubbed Operation Phakisa, that seeks to fast-track the delivery of priorities outlined in the country’s National Development Plan (NDP).President Jacob Zuma, speaking at the launch of a “blue economy” working group, said South Africa’s oceans had the potential to contribute up to R177-billion to the country’s gross domestic product (GDP), while creating up to 1-million new jobs, by 2033 – compared to R54-billion generated, and 316 000 jobs created, in 2010.Aquaculture is one of four focus areas that the group – including representatives from the government, business, labour, civil society and academia – is currently looking at as it seeks to deliver action plans for presentation to Cabinet.SAinfo reporterlast_img read more


first_imgAshraful said the unconditional love that he has got from Ashraful said the unconditional love that he has got from common people for being one of the first stars of Bangladesh cricket made him admit his guilt. “Look when you have done something wrong, in your subconscious mind, you know it very well. Even if I would have denied charges, there was a possibility that at some point, I would have been exposed. “I was scared that the kind of love I am used to getting from people would turn into hatred if they come to know about my mistake from somewhere else. It took a lot of guts but I wanted people to know the truth from me and no one else. I knew what the consequences would be but then admission of guilt comes with an inevitability that is difficult to avoid.” Ask him how these two and half years have been for him, Ashraful said: “Well, I had my friends, who have been there with me all the time, around me. They did not leave me during these days of hardship. I have recently got married and my wife is also my new support system. “As far as economic sustenance is concerned, I have this restaurant of mine (in upscale Banashree), which has helped me earn my livelihood. I never had a job as I was a professional cricketer. Whether the earnings from the restaurant is enough or not? Well I have realised it the hard way that whatever you earn may not be enough. At least, now I am happy with whatever I earn.” He wants his life to be a lesson for budding cricketers and he now advises youngsters against falling prey to desires which can ruin ones life. “Whats done cannot be undone now. I am only looking forward. I am also trying to help youngsters from my experience, advising them to refrain from any wrongdoings,” concluded Ashraful. PTI KHS PM PMadvertisementlast_img read more

Government Awaits Discussions among IMF, World Bank and IDB

first_imghe Government is awaiting the outcome of discussions involving the International Monetary Fund (IMF), World Bank and Inter-American Development Bank (IDB), which will determine funding support that will be provided to complement an IMF’s extended fund facility for Jamaica. This is deemed vital to the administration securing the IMF’s support for the country’s economic reform programme over the next four years.Speaking at the media briefing at the Office of the Prime Minister (OPM) on Wednesday, March 27, Finance and Planning Minister, Dr. the Hon. Peter Phillips, said the matter was discussed extensively during the Cabinet retreat earlier this week, and pointed out that the discussions among the representatives have been in progress since Monday.He said based on the information he received, the talks had not concluded up to early Wednesday afternoon.Against this background, the Minister said the administration has been “urging each institution to accelerate their internal processes that can lead to a decision”.“We continue to press for an early consideration of the (economic reform) programme by the International Monetary Fund Board, given the obvious negative effect of any delay and given the fact that the Government of Jamaica has fulfilled all the (prior) obligations required of it,” he said.The obligations include: settling a wage restraint agreement with unions representing over 80 per cent of the public sector workforce for the 2013 to 2015 period; introduction and approval, through Cabinet, of a new policy governing discretionary waivers; passage of legislation governing the management of public debt, which was effected in November 2012; and execution of a national debt exchange programme to provide at least 8.5 per cent of the gross domestic product (GDP), which was successfully completed on March 22.These proposals formed the basis of a staff level agreement reached between the government and IMF representatives in Kingston on February 15, which, subject to their implementation, would have facilitated the economic reform programme’s submission to the IMF’s Executive Board by the end of March.“This agreement signified that, subject to the completion of (these) actions, the policies and programmes proposed by the government were deemed to be consistent with the key objectives of growth, fiscal consolidation and debt reduction that the (administration) was setting out to achieve, which were endorsed by the Fund’s staff,” he explained.The Minister also advised that all the issues relating to Jamaica’s Letter of Intent have been agreed with the IMF. These, he informed, are contained in the Memorandum of Economic and Financial Policies that the government intends to pursue over the four- year period.In light of the current discussions between the IMF, IDB and World Bank, Dr. Phillips said conclusion of the extended funding for Jamaica is unlikely to occur by the end of March.In this regard, the Finance Minister said the administration is urging the IMF Board to give consideration to concluding Jamaica’s application as quickly as possible, “given the obvious negative effect of any delay”.“Also, we need an early date in order to avoid any extensive modification of the documentation already submitted to the IMF,” he added.Dr. Phillips advised that Jamaica’s interest, in this regard, is being monitored by the country’s Ambassador to the United States, His Excellency Professor Stephen Vasciannie, adding that “all diplomatic channels at our disposal are being called into service, to ensure a speedy resolution of this matter.”“At the same time…we will continue to implement the programme as we agreed. The budget is consistent with the programme and we will continue with all elements of the programme because, as I have said many times before, it is incumbent on Jamaica to correct the imbalances in our economic infrastructure. We will continue to maintain the quantitative targets and structural benchmarks set out in the programme,” Dr. Phillips assured.By Douglas McIntosh, JIS Reporterlast_img read more