Weekly Press Review – 13 February 2017

The fishing rights allocation process has once again made an appearance in the press this week with the news that proceedings in the Western Cape Court, focusing on a review into the allocation of rights to the inshore trawl fishery for hake and sole, have been postponed.

The postponement is due to Viking Inshore Fishing challenging DAFF Minister Senzeni Zokwana’s new criteria that reduced Viking’s fishing rights by 70 percent.

Another company facing challenges due to the fishing rights allocation process is BMC Fishing who claims it is being held to ransom by Minister Senzeni Zokwana over matters of fishing transformation that are at present before the court.

According to BMC director Lionel Brown, “The minister is the only person who can give the existing rights holders an exemption to catch fish. We are at the mercy of the minister who needs to make a decision.”

Zokwana’s spokeswoman, Bomikazi Molapo responded to this by saying that the minister was unable to issue fishing exemptions because the matter was still before the courts.

The immediate result of this is that the once bustling harbour of Mossel Bay is at a stand still and it would seem that the small quota rights holders are the ones paying the price.

This week it was announced that seafood giant Sea Harvest plans to list on the JSE by March this year.   According to the press the company says that it will raise R1.5 billion in capital through private placement with the proposed listing. This money will then be used to repay all debt and support the company’s organic growth and any future acquisitions.

Also make headlines this week is the announcement that the Two Ocean’s Aquarium in Cape Town has developed a marine sciences matric curriculum. The move is designed to attract young people to careers in the marine sciences field and also to protect invaluable ocean resources and coastline.

It is hoped that the new school subject would be piloted at Lawhill Maritime Centre in Simon’s Town next year.

Curriculum developer and Two Ocean senior teacher, Xavier Zylstra, said, “The ocean is an unexplored realm. If we get researchers in there, they will help to ensure the sustainability of its resources.”

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