CAPE TOWN: A donation of 4800 masks has been handed over to the Department of Environment, Forestry and Fisheries’ (DEFF) Small-Scale Fisheries Directorate by the South African Fisheries Development Fund to protect small-scale and interim relief fishers in the Western and Northern Cape fishing communities from the Covid-19 pandemic. The handover took place at DEFF’s offices in Cape Town on Tuesday, 2 June.
While transformation appears to be happening at a slow pace within the overall South African economy, the fishing industry, in particular the hake trawling sector, continues to out-pace many sectors in its transformation pursuit.
It’s a colossal feat listing a business on the JSE. It is an even greater feat when you are able to produce a great set of results at the end of your first year on top of purchasing a new asset to the value of R250 million, while making moves to acquire another large entity in the fishing industry. Leading, vertically integrated FMCG enterprise, Sea Harvest Group (SHG), has done just that.
A recent take-over deal has placed the previously majority white-owned Viking Fishing Group and a majority share of its aquaculture operation in the hands of a broad-based black economic empowerment (B-BBEE) consortium led by the Group, which is certified as a level 1 B-BBEE contributor.