Yahoo Finance 
South African Ocean & Coastal Fishing and Aquaculture Report 2021, Featuring I&J, Oceana, Sea Harvest, Wild Coast Abalone and Abagold
Dublin, Nov. 05, 2021 (GLOBE NEWSWIRE) -- The "Ocean & Coastal Fishing and Aquaculture in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.
The South African ocean and coastal fishing and aquaculture sector supports food security, provides jobs and is a net exporter of fish and other marine species and 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 been resilient, the industry is feeling the effects of supply chain disruptions and climate change.
Marine Resources
While some fish stocks previously considered overfished, such as hake, have recovered through effective management, others are overfished, or the status of the stocks is unknown. Almost 40% of stocks are of concern. The Department of Forestry, Fisheries and the Environment recently published the draft Revised National Biodiversity Framework 2019 to 2024 for the management and protection of species and ecosystems. Areas of significant concern include freshwater ecosystems, rivers and estuaries, with freshwater fish identified as the most vulnerable of all the species.
Fishing Rights
The fishing rights allocation process, which was postponed to the end of December 2021, deals with long-term commercial fishing rights. A key objective is to rebalance fishing quota allocations to empower community-based and small black-owned enterprises. The process has caused some concern that large fishing companies will get reduced allocations and that concerns relating to the rights allocation have discouraged investment.
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.
INFLUENCING FACTORS
COVID-19
Environmental Concerns
Total Allowable Catch and Quotas
Government Initiatives
Economic Environment
Rising Operating Costs
Technology, Research and Development (R&D) and Innovation
Labour
COMPANY PROFILES - OCEAN & COASTAL FISHING
African Marine Products (Pty) Ltd
Impala Fishing (Pty) Ltd
Irvin and Johnson Ltd
Oceana Group Ltd
Pioneer Fishing (West Coast) (Pty) Ltd
Premier Fishing SA (Pty) Ltd
Sea Harvest Corporation (Pty) Ltd
Umsobomvu Fishing (Pty) Ltd
COMPANY PROFILES - FISH HATCHERIES & FISH FARMS
Abagold Ltd
Aqunion (Pty) Ltd
Blue Ocean Mussels (Pty) Ltd
HIK Abalone Farm (Pty) Ltd
Irvin and Johnson Ltd
Jacobsbaai Sea Products (Pty) Ltd
La Pieus Aqua (Pty) Ltd
Premier Fishing SA (Pty) Ltd
Viking Aquaculture (Pty) Ltd
West Coast Abalone (Pty) Ltd
Wild Coast Abalone (Pty) Ltd
Zini Fish Farms (Pty) Ltd
Zwembesi Farm (Pty) Ltd
For more information about this report visit https://www.researchandmarkets.com/r/gnmspm
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
