Report Coverage
This report focuses on ocean and coastal fishing and aquaculture in South Africa. It provides comprehensive information on the state and size of the sector, performance of major players, developments and corporate actions. There is information on the fishing rights allocation process, total allowable catch and quotas and marine resources. The report includes 19 company profiles including major players I&J, Oceana and Sea Harvest and companies involved in the abalone industry such as Wild Coast Abalone and Abagold.
Introduction
The South African ocean and coastal fishing and aquaculture sector generated total revenue of R18.75bn in 2019. On average, the industry produces more than 500,000 tonnes of fish and fish products per year and provides around 27,000 direct jobs and employment for a further 100,000 people in the supply chain. In addition to supporting food security and providing jobs, the industry is a net exporter of fish and other marine species, such as squid, lobster and abalone, and is an important earner of foreign revenue. Abalone and lobster producers have been hard hit by the pandemic, and while most of the ocean and coastal fishery sectors have proved to be resilient, the industry is feeling the effects of supply chain disruptions and climate change.
Strengths
• South Africa is the world’s third-largest producer of abalone.
• South Africa’s hake deep-sea trawl industry was the first fishery in the world to be certified as environmentally sustainable by the Marine Stewardship Council. In February 2021, the sector was certified for a fourth five-year period.
• The industry is substantially empowered and the largest five fishing companies are all level 1 B-BBEE contributors.
• Wild capture and aquaculture fisheries are net exporters and important earners of foreign exchange.
Weaknesses
• A culture of marine stewardship is lacking and little is done to deal with marine pollution, including plastic waste and discarded fishing nets and gear.
• High cost of aquaculture production.
• Inadequate management of the recreational fishing sector.
• Inadequate monitoring and weak enforcement of fishing regulations, resulting in the over-exploitation and/or illegal fishing/harvesting of resources such as line-fish, abalone and lobster.
• Onerous regulations make it difficult to start a new aquaculture business.
• Outdated fisheries’ data systems.
• South Africa’s coastline has relatively few protected bays suited to mariculture.
• There is inadequate support for the small-scale fishing sector.
Opportunities
• Aquaculture sites offering growth potential include Saldanha Bay and the Overberg in the Western Cape, where there is potential for small-scale farmers to partner with established commercial value chains.
• Demand for larger-sized abalone in dried and canned formats.
• Government is committed to providing an enabling environment for aquaculture farming and has established aquaculture development zones.
• In line with global trends, there is growing interest in the commercial cultivation of seaweed in South Africa.
• The development of aquaculture is one of the focus areas of the Operation Phakisa Oceans Economy initiative.
• The production of products such as ocean trout, oysters and mussels for online fishmongers.
Threats
• Cost increases, especially electricity and transport costs.
• Disruption in the traditional distribution and movement of fish resulting from the impacts of climate change.
• Disruption of electricity supply.
• Overfishing and illegal fishing/harvesting threaten marine populations, other ocean predators, and the communities that depend on fishing for their livelihoods.
• Poaching of abalone and lobster, including security risks posed by organised crime syndicates engaging in illegal trade.
• Red tide.
• Reduction in total allowable catch rights allocations and quotas pose a threat to large fishing companies.
Outlook
With sea temperatures warming, marine populations in decline and a number of species having changed their traditional distribution patterns, the fishing industry is starting to experience the impacts of climate change. Environmentalists say that the industry needs to adopt a culture of marine stewardship and deal decisively with marine pollution and the depletion of the ocean’s resources. Industry players in key fishery sectors are awaiting the outcomes of the forthcoming long-term fishing rights allocation process with a degree of trepidation. While the long-term prospects of wild-capture fisheries are uncertain, stakeholders say that aquaculture farming offers high-growth potential, as evidenced by regional and global trends.
Ocean & Coastal Fishing and Aquaculture Industry in South Africa
2021
Full Report
R 1 900.00(ZAR) estimated $107.74 (USD)*
Industry Landscape
R 1 330.00(ZAR) estimated $ 75.42 (USD)*
Industry Organograms
Historical Reports
Ocean & Coastal Fishing and Aquaculture Industry in South Africa 2020-02-27
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartOcean & Coastal Fishing and Aquaculture Industry in South Africa 2018-02-09
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartOcean & Coastal Fishing and Aquaculture Industry in South Africa 2016-08-30
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartOcean & Coastal Fishing and Aquaculture Industry in South Africa 2015-01-26
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartTable of Contents
[ Close ]| PAGE | ||
|---|---|---|
| 1. | INTRODUCTION | 1 |
| 2. | DESCRIPTION OF THE INDUSTRY | 1 |
| 2.1. | Industry Value Chain | 5 |
| 2.2. | Geographic Position | 7 |
| 3. | SIZE OF THE INDUSTRY | 9 |
| 4. | STATE OF THE INDUSTRY | 14 |
| 4.1. | Local | 14 |
| 4.1.1. | Trade | 24 |
| 4.1.2. | Corporate Actions | 27 |
| 4.1.3. | Regulations | 27 |
| 4.1.4. | Enterprise Development and Social Economic Development | 30 |
| 4.2. | Continental | 32 |
| 4.3. | International | 36 |
| 5. | INFLUENCING FACTORS | 38 |
| 5.1. | COVID-19 | 38 |
| 5.2. | Environmental Concerns | 40 |
| 5.3. | Total Allowable Catch and Quotas | 45 |
| 5.4. | Government Initiatives | 46 |
| 5.5. | Economic Environment | 48 |
| 5.6. | Rising Operating Costs | 49 |
| 5.7. | Technology, Research and Development (R&D) and Innovation | 49 |
| 5.8. | Labour | 51 |
| 6. | COMPETITION | 54 |
| 6.1. | Barriers to Entry | 55 |
| 7. | SWOT ANALYSIS | 55 |
| 8. | OUTLOOK | 56 |
| 9. | INDUSTRY ASSOCIATIONS | 57 |
| 10. | REFERENCES | 58 |
| 10.1. | Publications | 58 |
| 10.2. | Websites | 59 |
| APPENDIX 1 | 60 | |
| 0 | ||
| APPENDIX 2 - Summary of Notable Players | 61 | |
| Ocean & Coastal Fishing | 61 | |
| Fish Hatcheries and Fish Farms | 65 | |
| COMPANY PROFILES – OCEAN & COASTAL FISHING | 68 | |
| African Marine Products (Pty) Ltd | 68 | |
| Impala Fishing (Pty) Ltd | 70 | |
| Irvin and Johnson Ltd | 71 | |
| Oceana Group Ltd | 75 | |
| Pioneer Fishing (West Coast) (Pty) Ltd | 81 | |
| Premier Fishing SA (Pty) Ltd | 83 | |
| Sea Harvest Corporation (Pty) Ltd | 87 | |
| Umsobomvu Fishing (Pty) Ltd | 90 | |
| COMPANY PROFILES – FISH HATCHERIES & FISH FARMS | 92 | |
| Abagold Ltd | 92 | |
| Aqunion (Pty) Ltd | 95 | |
| Blue Ocean Mussels (Pty) Ltd | 97 | |
| HIK Abalone Farm (Pty) Ltd | 99 | |
| Irvin and Johnson Ltd | 101 | |
| Jacobsbaai Sea Products (Pty) Ltd | 105 | |
| La Pieus Aqua (Pty) Ltd | 107 | |
| Premier Fishing SA (Pty) Ltd | 109 | |
| Viking Aquaculture (Pty) Ltd | 113 | |
| West Coast Abalone (Pty) Ltd | 116 | |
| Wild Coast Abalone (Pty) Ltd | 118 | |
| Zini Fish Farms (Pty) Ltd | 120 | |
| Zwembesi Farm (Pty) Ltd | 121 |
