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Table of contentsForeword .......................................................................................................................................................... iAcknowledgements ......................................................................................................................................... iiList of tables .................................................................................................................................................... vList of acronyms ............................................................................................................................................. vi1 Purpose .................................................................................................................................................... 12 Current situation ...................................................................................................................................... 22.1 Biology of hake .............................................................................................................................. 22.1.1 Distribution ........................................................................................................................... 22.1.2 Spawning ............................................................................................................................... 22.1.3 Diet and predation ................................................................................................................. 22.1.4 Growth ................................................................................................................................... 32.1.5 Influence of the physical environment on hake ..................................................................... 32.2 Stock Assessment........................................................................................................................... 42.3 TACs and harvesting levels ........................................................................................................... 52.4 The fishing industry ....................................................................................................................... 52.4.1 Holders of exploitation rights ................................................................................................ 52.4.2 <strong>Fish</strong>ing fleet ........................................................................................................................... 62.4.3 Employment .......................................................................................................................... 62.4.4 Hake bycatch in other fisheries ............................................................................................. 72.4.5 Bycatch of other species in hake fishery ............................................................................... 72.4.6 Processing and marketing ...................................................................................................... 72.5 Current management measures ...................................................................................................... 73 Management goals and objectives ........................................................................................................... 9Goal 1: Responsible and sustainable utilisation of the hake resource ....................................................... 11Objective 1.1: Recovery of the hake stocks to the MSY level ............................................................. 11Objective 1.2: Management measures based on best available scientific evidence ............................. 12Objective 1.3: New assessment of the hake stocks ............................................................................... 13Objective 1.4: Sufficient institutional capacity, skills, equipment and funding ................................... 15Goal 2: Minimal impact on the ecosystem ................................................................................................ 17Objective 2.1: Maintain biodiversity and ecosystem functioning ........................................................ 17Objective 2.2: Minimise bycatches including incidental mortality of non-commercial species .......... 18Objective 2.3: Mitigate habitat and substrate damage .......................................................................... 19Objective 2.4: Sufficient institutional capacity, skills, equipment and funding ................................... 19Goal 3: Stable business environment established conducive to the promotion of economic efficiency ... 20Objective 3.1: The hake industry can respond effectively to external changes. ................................... 20Objective 3.2: Appropriate investments are undertaken by the industry. ............................................. 22Objective 3.3: Promote increased level of value addition by hake fishing and processing companies. 24Goal 4: Hake fishery benefits a large number of Namibians, directly and indirectly ............................... 25Objective 4.1: Quota fees provide revenue to government .................................................................. 25Objective 4.2: Hake industry provides sustainable and quality employment to Namibians................. 26Objective 4.3: Increased Namibian ownership in the hake industry .................................................... 26Objective 4.4: Support to community initiatives encouraged. .............................................................. 27Goal 5: Efficient, cost-effective and participatory management of the hake fishery ................................ 28Objective 5.1: MFMR provides the required management services cost-effectively. .......................... 28Objective 5.2: Consultations with stakeholders and wider community. ............................................... 28Objective 5.3: Industry contributes to research and compliance. ......................................................... 29Objective 5.4: Management measures are complied with. ................................................................... 29Summary of research and reviews ............................................................................................................ 30iii