Weekly Press Review – 16 September 2016

 Residents of the Overberg region are rejoicing this week as the Western Cape parliament is to finally address the issue of perlemoen poaching in the area.

According to the press, Debbie Schaffer, chairman of the committee for economic opportunity, tourism and agriculture in the provincial parliament said that she has invited representatives from the Department of Agriculture, Forestry and Fisheries (DAFF), security institutions and experts from the perlemoen industry to address the committee with regard to the problem of perlemoen poaching as early as next week.

 Twelve fishers were forced to abandon ship when their vessel ran aground in Port St Francis this week.

According to the press the 48-foot Barcelona ran aground after facing strong winds and waves up to four metres. The crew sent out a mayday at approximately 3.44am. The Maritime Rescue Coordination Centre (MRCC) and the National Sea Rescue Institute (NSRI) responded to the incident, along with various vessels in the area. By the time help arrived, the crew had managed to get ashore.

The captain of the Barcelona was treated for shock and hypothermia, but all other crew members were in good health, except for minor cuts and bruises.

The South African Maritime Safety Authority (SAMSA) is investigating the incident.

According to the press Sasol’s operations remain under pressure this week due to low global oil and commodity prices. The listed energy and chemicals group’s earnings have decreased by 55 percent for the year to 30 June.

In response Sasol has implemented a business performance enhancement programme and oil price response plan. The aim is to achieve costs and achieve cash savings.

Sasol joint chief executive, Bongani Nqwababa said that the company’s cost reduction and cash savings initiatives were exceeding targets, placing the group on a sound footing as it geared up its balance sheet.

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