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Through the development of the biodiversity economy, it is anticipated that 162,000 jobs can be created and R47 billion (USD3.1 billion) generated by 2030 Through the development of the biodiversity economy, it is anticipated that 162,000 jobs can be created and R47 billion (USD3.1 billion) generated by 2030

Biodiversity and Ecotourism Creating Opportunities for Rural South Africa

Cyril Ramaphosa, president, South Africa, says opportunities in the biodiversity economy, as well as wildlife and ecotourism products, have the potential to unlock the country’s rural economy and lift out of poverty those living in rural areas.

“If properly developed, the biodiversity economy can assist in accelerating transformation by providing not only employment, but also business opportunities, for black South Africans. It is also an opportunity for innovation,” commented Ramaphosa, speaking at a Biodiversity Economy Conference that took place in Thohoyandou, Limpopo recently.

The conference was a collaborative effort amongst the departments to harness opportunities presented by biodiversity.

The scope of innovation products in the biodiversity economy, include wildlife and ecotourism products, bio-prospecting, and bio-trade products such as cosmetics and pharmaceuticals.