Rights

52

Long-term fishing rights

46

companies

R5 billion

in annual sales

Employment

7050

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

R84.5 million

monthly wage bill

Empowerment

62.36%

black-owned

The deep sea trawling industry is 62.36% black-owned and a level 3 contributor to broad-based black economic empowerment (BBBEE) – as measured by the independent economic empowerment rating and research agency, Empowerdex in July 2016.

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

52

trawlers with a replacement value of R2.7 billion

27 wetfish vessels preserve hake on ice and return it to shore for processing

18 freezer vessels produce frozen headed and gutted (H&G) hake

7 sophisticated freezer trawlers produce frozen fillets at sea

R5.9 billion

in Investments

Sustainability

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

Markets

55%

of the catch is exported

Major markets in developed countries including Europe, Australia and the United States