Views
4 years ago

Western Cape Business 2018 edition

  • Text
  • Nedbank
  • Sectors
  • Growth
  • Finance
  • Government
  • Africa
  • Management
  • Infrastructure
  • Transport
  • Opportunities
  • Energy
  • Development
  • Wesgro
  • Vodacom
  • Investment
  • Cape
  • Business
  • Tourism
  • Economic
  • Municipality
The 2018 edition of Western Cape Business is the 11th issue of this highly successful publication that, since its launch in 2005, has established itself as the premier business and investment guide for the Western Cape. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the growth of tourism (spurred by an innovative programme designed to create more direct flights to Cape Town), medical technology as a growth sector and the pursuit of excellence that drives the Cape Winemakers Guild. The journal contains a message from Alan Winde, Minister of Economic Opportunities, and contributions from significant business leaders from Accelerate Cape Town, the Cape Chamber of Commerce and the Western Cape Business Opportunities Forum. An interview with Tim Harris, Wesgro’s CEO, reveals some of the recipe for the province’s economic success. Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to online at www.globalafricanetwork.com, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.

OVERVIEW Fishing Fishing

OVERVIEW Fishing Fishing companies are listing. Sea Harvest’s return to the main board of the JSE in March 2017 brought to three the number of major fishing companies represented on Africa’s biggest stock exchange. Just weeks earlier, Premier Fishing made its shares available to the public for the first time while Oceana Group, a Tiger Brands company, has been on the JSE for 70 years. Sea Harvest’s listing follows the acquisition of a majority share of Mareterram, an Australian prawn and food business. Sea Harvest has a presence in 22 countries. In South Africa, the company runs several shore-based factory plants, sells to more than 2 000 stores and has 46% of South Africa’s retail frozen fish market. The Oceana Group has purchased Foodcorp’s fishing rights and a US fishmeal and oil company, Daybrook. The biggest brand performer for Oceana is Lucky Star canned pilchards, which enjoys 80% of market share in South Africa. The Western Cape is responsible for about 75% of the nation’s fishing. The value of the national catch across 22 commercial fishing sectors is about R6-billion. Sectors range from the highly capitalised deep-sea trawling industry to much smaller lobster and abalone operations. Demersal fish such as hake and kingklip account for 46% of the national catch, with pelagic fish (anchovy, pilchards and sardines) making up 23%. Lobster makes up 11% and linefish 13%. The Department of Agriculture, Forestry and Fisheries wants to restructure the horse mackerel industry to promote local fishers and processors. A 15-year contract awarded in 2015 on this basis was overturned by the courts after objections by bodies such as Fish SA, which represents 11 fishing associations. ONLINE RESOURCES Fish SA: www.fishsa.org.za National Department of Agriculture, Forestry and Fisheries: www.daff.gov.za SA Deep Sea Trawling Industry Association: www.sadstia.co.za South African Marine Safety Authority: www.samsa.org.za Southern African Sustainable Seafood Initiative: www.wwfsassi.co.za SECTOR INSIGHT The Western Cape accounts for 75% of South African fishing. Most of South Africa’s large food companies have fishing divisions. Pioneer Fishing, which has no connection to the multiproduct group Pioneer Foods, controls a canning, fishmeal and fish oil factory in St Helena Bay and a processing and freezing factory in the Port Elizabeth harbour. Premier Fishing and Brands Limited, a subsidiary of Sekunjalo Investments, runs 16 vessels and operates at seven locations, including a 1 760-ton cold storage facility at the V&A Waterfront. The company has lobster plants at Port Nolloth and Hout Bay, and a fish meal plant at Saldanha. Viking Fishing is active in fishing, processing and fish farms. It has 1 250 employees across its varied operations which include trawling for hake; sardines and anchovies; the West Coast rock lobster and prawns (in South Africa and Mozambique). Dromedaris Visserye specialises in Cape lobster, and supplies sardines and anchovies to China and Japan. WESTERN CAPE BUSINESS 2018 94

Water Desalination plants are under construction. OVERVIEW The extremely serious drought plaguing the Western Cape has sparked a boom in the construction of desalination plants. Cape Town alone will build nine such plants by early 2018 which will deliver 108-million litres of water per day. The modular land-based plants are situated in diverse locations such as the V&A Waterfront, the Port of Cape Town, Hout Bay, Red Hill and Monwabisi. A Cape Town company has experience in rolling out desalination plants with big capacity. GrahamTek, a PSG company based in the Strand, is consulting on Middle Eastern plants that produce more than 1 000-million litres per day. In India and Saudi Arabia, the firm will produce 800-million litres per day and pump the potable water over a distance of more than 700km. To find the money to deal with the drought and the longer-term effects of climate change, the City of Cape Town issued a green bond for the first time in 2017. It was over-subscribed and allowed the city to get started on implementing its Climate Change Strategy. Some of the long-term projects falling under the strategy include new electric buses, energy-efficiency measures in city buildings, improved sewerage plants, and the rehabilitation and protection of coastal structures. The proceeds of the first green bond were directed primarily at water-related issues: • water pressure management • water supply network upgrade • water meter replacements • waste water plant upgrades. SECTOR INSIGHT A Strand company has become a world leader in desalination. • Cape Town will host a water loss conference in 2018. In 2018, Cape Town will host one of world’s largest water loss conferences. The International Water Association’s (IWA) 2018 Water Loss Conference will attract more than 500 delegates to the Century City Conference Centre and Hotel. In South Africa, some 37% of all water delivered to municipalities is lost, according to Water Wheel magazine, at a cost of R7-billion per year. This presents an opportunity for companies to provide better pipes and smart meters. In 2030 South African demand for water will be 17% greater than supply. That is the verdict of the 95 WESTERN CAPE BUSINESS 2018

Other recent publications by Global Africa Network: