Thank you for inviting me to share with you in celebrating the launch of this joint venture that has seen the birth of Emtateni Marine Corporation. The economic empowerment and development of our people is a matter that is close to my heart and therefore I am truly honoured to be a part of this occasion.
Shipping is a crucial sector of our economy because of our strategic location between East and West.
Reports show that this industry is expanding rapidly in our country and is set to expand even further with the increased integration of our economy into world markets following our re-entry into the world of nations. The industry is therefore of great importance to the economic development of our country. The location of the company in Durban, the gateway into the rest of the country and the shipping hub of Southern Africa can only enhance the activities of the company as the city and Richards Bay form the backbone of the shipping industry. Given the importance of this industry, as it encompasses a wide area of the Southern African region, it is unfortunate that it remains a sector that shows a marked absence of black players. In this regard I am encouraged by the company's commitment to the recruitment, training and development of personnel from previously disadvantaged communities that will see them empowered to enter the industry and be significant players.