April 28, 2021

The Africa Free Trade Area & What This Means For The Maritime Sector

The African Continental Free Trade Area (AfCFTA) became operational on 1 January 2021. creating a free trade area ultimately expected to represent 1.2 billion people. The principal objectives are to create a single market for goods and services across 54 countries, to expand intra-African trade, to enhance global competitiveness, and to support economic transformation on the continent.

South African industries stand to benefit significantly from the AfCFTA through streamlined trade in the continent as well as investment and other opportunities; free trade, however, also poses some risks. For instance, other parties may expect reciprocal market access and technology transfer in return for free trade, potentially eroding competitive advantages built up through long-term investments. 

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July 28, 2023

South African International Maritime Institute (SAIMI) hosted a successful Maritime Winter School Awareness Programme

South Africa has been at the center of a surge in interest in respect of sea-going careers. The South African International Maritime Institute (SAIMI) in line with its mandate and role as advocate and coordinator of skills development in the maritime sector has initiated a new pilot programme. This is an ongoing exploration at testing the waters in ensuring that the South African system is strengthened and therefore ready to be able to respond to these opportunities that are coming into the Country.