CAPE TOWN – The impact for South African deep-sea trawling companies losing even 10 percent of their fishing quota could be catastrophic for the industry and lead to job losses should the fishing rights be allocated to more fishing companies.
This is according to Terence Brown, chairman of the South African Deep-Sea Trawling Industry Association (SADSTIA), following the association releasing the findings of an independent, industry-wide socio-economic study of the hake deep-sea trawl fishery in Cape Town yesterday.
Brown said long-term rights for 12 commercial fisheries will be allocated by the Department of Agriculture, Forestry and Fisheries (DAFF next year.
He said consultations with stakeholders around the policy that will underpin the fishing rights allocation process of 2020 are considered crucial and are expected to begin next month.
Brown said fishing companies that catch hake for local and international markets contribute R6.7 billion to the South African economy annually, have cautioned that sensible rights allocations are necessary to preserve international competitiveness and jobs in coastal areas.