With annual sales of R4.5 billion, deep-sea hake fishing accounts for 45% of the entire commercial fishing industry contributing about R6.7 billion to the economy.
JOHANNESBURG - Fishing companies that catch hake for the local and international markets have warned if government blunders during the allocation of the rights process, the industry will be placed in jeopardy.
The concern by members of the industry comes on the back of the highly controversial rights allocation processes in 2013 and 2016.
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