Ocean and Coastal Fishing and Fish Farming: South Africa’s fishing and fish farming industry contributes about 0.5% to the country’s GDP, with the marine commercial fishing industry, valued at approximately R6bn annually. The sector continues to be threatened by overfishing and poaching and the World Wildlife Fund (WWF) estimates that about 70% of South Africa’s commercial fish species is considered collapsed. The country’s fisheries sector is also conservatively losing over R4bn annually due to poaching with about 3,000 tons of fish being poached. Demand for South African fish in well-established international markets remains steady and declining wild fish stocks continues to fuel growth of the aquaculture/fish farming sector. In response, the South African government has outlined aquaculture as an area for development in the Provincial Industrial Development Strategy and aims to grow the sector’s revenue from R0.67bn to R3bn.
Key Issues: South Africa’s fishing industry, which is over a 100 years old, is globally recognised for its sustainable approach and can only continue to sustain the country if fish stocks are properly managed and are not destroyed by negative practices, which include the increasing threat of seabed mining in South Africa's EEZ, syndicated crime, over-exploitation of high-value species, corruption and poor compliance levels.
This report covers South Africa’s fishing and fish farming sector, including recent developments, as well as factors influencing the success of the sector. A wide spectrum of notable players in the fishing industry are also profiled, including Oceana Group, Irvin & Johnson Ltd (I&J), Sea Harvest, Pioneer Fishing, Premier Fishing, FoodCorp and Viking. Fish hatcheries and fish farms are also profiled and these include Abagold Ltd, Blue-Green Aquaculture (Pty) Ltd, Blue Ocean Mussels (Pty) Ltd and West Coast Abalone.
Table Of Contents
Ocean and Coastal Fishing and Fish Farming in South Africa 2016 1. INTRODUCTION 1 2. DESCRIPTION OF THE INDUSTRY 1 2.1. Industry Value Chain 3 2.2. Geographic Position 4 3. SIZE OF THE INDUSTRY 5 4. STATE OF THE INDUSTRY 14 4.1. Local 14 4.1.1. Corporate Actions 21 4.1.2. Regulations 21 4.1.3. Enterprise Development and Social Economic Development 23 4.2. Continental 25 4.3. International 26 5. INFLUENCING FACTORS 27 5.1. TACs and Quotas 27 5.2. Economic Environment 27 5.3. Government Initiatives 27 5.4. Rising Operating Costs 29 5.5. Technology, Research and Development (RandD) and Innovation 29 5.6. Labour 30 5.7. Environmental Concerns 32 6. COMPETITION 34 6.1. Barriers to Entry 34 7. SWOT ANALYSIS 35 8. OUTLOOK 36 9. INDUSTRY ASSOCIATIONS 36 10. REFERENCES 37 10.1. Publications 37 10.2. Websites 37 COMPANY PROFILES - OCEAN and COASTAL FISHING 38 African Marine Products (Pty) Ltd 38 Cape Pilchard Pioneer CC 40 Irvin and Johnson Ltd 41 Oceana Group Ltd 46 Pioneer Fishing (Pty) Ltd 51 Premier Fishing SA (Pty) Ltd 55 Sea Harvest Corporation (Pty) Ltd 59 Viking Fishing Company (Deep Sea) (Pty) Ltd 62 COMPANY PROFILES - FISH HATCHERIES and FISH FARMS 65 ABAGOLD LTD 65 Aqunion (Pty) Ltd 68 Blue Ocean Mussels (Pty) Ltd 70 Blue-Green Aquaculture (Pty) Ltd 72 Hailo-Dar Boerdery Projekte (Pty) Ltd 73 HIK Abalone Farm (Pty) Ltd 74 Irvin and Johnson Ltd 76 Jacobsbaai Sea Products (Pty) Ltd 80 Premier Fishing SA (Pty) Ltd 82 West Coast Abalone (Pty) Ltd 85 Wild Coast Abalone (Pty) Ltd 87