THE BASIC OVERVIEW OF THE BIODIVERSITY ECONOMIC STRATEGY
The Department of Environmental Affairs has embarked on the development of the Biodiversity Economic Strategy (BES) targeting the wildlife and bio-prospecting economies.
The overall aim of the strategy is to provide an implementation framework for a period of 14 years to achieve optimum economic benefits. Direct, indirect and induced – from the commercialisation of biodiversity.
The strategy aims to contribute to the reduction of poverty in rural areas through the development and optimisation of natural resources. It supports inclusive economic opportunities through the harmonisation of modernisation, rural development and expansion of value chains.
KEEN TO INVEST IN A BIODIVERSITY ECONOMY PROJECT?
The Biodiversity Economy consists of:
Bioprospecting (indigenous biological resources for commercial exploitation) and
Wildlife (wildlife farms and ranches, which relates to breeding; sales; hunting; support and trade of live game).
The programme provides for a sustainable rural development approach for land reform through the enhancement of livelihoods, the protection and restoration of their natural resources, promoting and securing tenure of these assets.
It will promote diversification and sustainable rural enterprises and industries by enabling emerging wildlife ranches and community landholders to participate in the mainstream Biodiversity Economy.