A study of the hake deep-sea trawl fishery conducted by independent economic consultants, Genesis Analytics, has revealed for the first time the massive economic contribution made by the fishery:
66.6% black-owned – Empowerdex R1.89 bn / year R 6.7 bn / year
total economic contribution
total wage bill
R1.5 bn
R bn total investments
domestic sales
3
R bn export sales
R 4.5 bn / year
7 300 employees
6.6
335
R million / year total spend with SMEs (of which 57% is with >50% black-owned SMEs)
The hake deep-sea trawl fishery is an industrial-scale fishery. It does not overlap with small-scale fisheries, nor does it compete for resources with small-scale fishers - the fishery targets hake in deep, offshore waters that are inaccessible to small boats. SADSTIA’s vision is a hake deep-sea trawl fishery that is sustainable, internationally competitive and delivering a full range of benefits to the people of South Africa for generations to come.