South African Transport Minister Dipuo Peters has received approval from Cabinet on the recommendation to provide an urgent lease agreement to Tag Yachts Ltd.
“Its objective is to initiate manufacturing of high end composite catamarans in the Port Elizabeth Harbour,” a statement by Cabinet said on Thursday.
This is for the assigned responsibility for the marine manufacturing Delivery Unit under Operation Phakisa initiatives to establish a composite Boat-Building Cluster in the Eastern Cape.
Operation Phakisa is an innovative approach that enables government and key stakeholders to transform high level plans into detailed implementation programmes to fast-track delivery of results.
The programme is an adaptation of the Big Fast Results methodology that was first applied by the Malaysian Government in the delivery of its Economic Transformation Programme and the Government Transformation Programme.
Tag Yachts first established themselves during March 2007 in Saint Francis Bay South Africa and are builders of high performance, Greg Young designed catamarans, that are unique in the sailing world due to innovative design allowing both performance and comfort not to be compromised
The yachts are equipped with state of the art technology allowing them to be sailed short handed without compromising performance or comfort. The benefit is to sail to destinations quickly so that relaxation and leisure time is maximized for family and friends.
Welcoming Tag Yachts to the Port of Port Elizabeth, ABYC Commodore Alan Straton said; “It is most exciting to be able to extend the hand of welcome and support to Tag Yachts. Manufacturing of yachts is the much needed catalyst for the sport of sailing and will help ABYC immensely in their goal of fostering sailing by making the sport accessible to all.”