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Ocean and Coastal Fishing and Fish Farming in South Africa 2015

  • January 2015
  • 71 pages
  • Who Owns Whom
Report ID: 2675544

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South Africa’s fishing and aquaculture industry contributes about 0.5% to the country’s GDP, employs about 27,000 people and harvests approximately 600,000 tons of fish annually. The marine commercial fishing industry, valued at approximately R6bn annually remains extremely competitive especially as demand for South African fish in well- established international markets remains steady. Declining wild fish stocks and the growing demand for seafood around the world has resulted in the growth of the aquaculture or fish farming sector, which is still relatively small in South Africa. 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.

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