Rights

33

Long-term fishing rights

R4.5 billion

in annual sales

Employment

7300

jobs

Jobs in coastal areas: Cape Town, Saldanha, Gansbaai, Mossel Bay and Port Elizabeth

Wages are negotiated at industry level; employees are offered a range of benefits and scope for career progression

R1.9 billion

annual wage bill

Empowerment

66%

black-owned

Historically disadvantaged persons currently hold approximately 66% of the shares in the firms that harvest 90% of the HDST catch, and most likely the same or higher amongst the remaining smaller firms.

Food security

Hake is one the main seafood choices of South Africans. A number of lower value species landed by the deep sea-trawl fishery − such as horse mackerel, snoek and angelfish − are valued as a source of good quality animal protein by lower income groups, particularly in the Western Cape.

Fleet

51

trawlers with a replacement value of

R3.7

billion

21 freezer trawlers produce sea frozen fillets and headed and gutted (H&G) hake

30 wetfish trawlers preserve hake on ice and return it to shore for processing

R6.6 billion

in Investments

R3.8 billion

total capital investment since 2005

Sustainability

MSC Chain of Custody, the most respected seafood certification in the world

Exports

67%

Exports contribute R3 billion in foreign exchange earnings

The facts and figures presented here are drawn from the Economic study of the hake deep-sea trawl fishery and the implications for future fishing rights allocation policy which was published by Genesis Analytics in December 2018.