Long-term fishing rights
in annual sales
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
annual wage bill
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.
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.
trawlers with a replacement value of
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
total capital investment since 2005
MSC Chain of Custody, the most respected seafood certification in the world
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.