South African Business 2021
Welcome to the ninth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa. This issue has a focus on economic recovery plans which have been put in place to tackle the challenges thrown up by the global Covid-19 pandemic. National government’s focus on infrastructure and the use of Special Economic Zones is highlighted, together with a feature on the nascent maritime economy. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
Welcome to the ninth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa.
This issue has a focus on economic recovery plans which have been put in place to tackle the challenges thrown up by the global Covid-19 pandemic. National government’s focus on infrastructure and the use of Special Economic Zones is highlighted, together with a feature on the nascent maritime economy. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
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SPECIAL FEATURE<br />
TEUs (twenty-foot container equivalent). The<br />
Durban Car Terminal handled 521 280 vehicles<br />
(Africa Ports & Ships). Durban is responsible for<br />
about 60% of the total volume of containers<br />
handled by the country’s ports.<br />
The Port of Durban is home to many maritime<br />
companies. EBH SA has been in marine engineering<br />
and ship repair since it began as Elgin Brown and<br />
Hamer in 1878. Three <strong>South</strong> <strong>African</strong> shipbuilders<br />
(SAS, Damen Shipyards Cape Town and Nautic<br />
Africa) have agreed to pool resources on contracts<br />
to become more competitive.<br />
The KwaZulu Cruise Terminal (KCT) consortium<br />
won the contract from TNPA to finance, build and<br />
run the new Durban Cruise Terminal.<br />
The Port of Cape Town has also launched a<br />
dedicated cruise-ship terminal. A renewed focus<br />
on ship repair through facilities such as the Sturrock<br />
and Robinson drydocks is on the cards for the Port<br />
of Cape Town, which has a diverse offering through<br />
its Container Terminal, Multipurpose Terminal,<br />
Liquid Bulk Terminal and Fresh Produce Terminal.<br />
Drilling off the southern coast has revealed vast<br />
resources in the Brulpadda field in the <strong>South</strong>ern<br />
Outeniqua Basin. If some of this gas can be recovered,<br />
the two SEZs on the Eastern Cape coast would<br />
become critical to its utilisation. The Port of East<br />
London is aligned to the East London Industrial<br />
Development Zone while Port Elizabeth has two ports,<br />
the city port being joined by the Port of Ngqura which<br />
anchors the Coega Special Economic Zone.<br />
R700-million have been made. The Coega Special<br />
Economic Zone is planning a 440ha Aquaculture<br />
Development Zone to accommodate new<br />
projects. One possibility is to promote import<br />
substitution, for example, with salmon, of which<br />
<strong>South</strong> Africa currently imports more than 5 000<br />
tons every year.<br />
The allocation of commercial fishing rights in<br />
12 sectors that was due to happen in 2020 has<br />
been postponed to December <strong>2021</strong>. It is likely<br />
that the quotas of larger fishing companies will be<br />
reduced in favour of small-scale fishing companies.<br />
There have been several changes in ownership<br />
in the fishing industry, most likely linked to the<br />
upcoming determination of new fishing rights<br />
in which black shareholding will be a factor. The<br />
acquisition by black-controlled Sea Harvest Group<br />
of Viking Fishing is part of a larger trend.<br />
Tiger Brands has unbundled its 42% stake<br />
in Oceana Group. Oceana holds the popular<br />
pilchards brand Lucky Star, which enjoys 80% of<br />
market share in <strong>South</strong> Africa, and has the highest<br />
market value of fishing companies in <strong>South</strong><br />
Africa. The Oceana Group recently purchased<br />
Foodcorp’s fishing rights and a US fishmeal and<br />
oil company, Daybrook. ■<br />
Fishing<br />
<strong>South</strong> Africa has 3 000km of coastline and the extent<br />
of the country’s territorial waters is greater than its<br />
land size. About half of the fish that <strong>South</strong> <strong>African</strong>s<br />
eat is caught locally, and almost all of that comes<br />
from the waters off the Western Cape. The two most<br />
popular types of fish are hake and sardines, which<br />
are harvested by deep-sea trawlers.<br />
The fishing industry earns R3.4-billion in foreign<br />
earnings annually and employs 26 500 people<br />
across 22 sectors, the main ones being deep-sea<br />
trawling and aquaculture (JSE).<br />
The aquaculture industry is currently small, but<br />
since 2014 investment commitments of about<br />
Work underway at Durban’s drydock facilities.<br />
33 SOUTH AFRICAN BUSINESS <strong>2021</strong>
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