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Sea Harvest launches R125m trawler for W Coast

Oct 09 2014 17:25
Fin24

Cape Town - This year Sea Harvest celebrated 50 years since its inception and on Thursday it launched its new vessel at the V&A Waterfront in Cape Town.

Fred Robertson, the chairperson of Sea Harvest as well as of Sea Harvest's majority shareholder Brimstone Investment Corporation, was present to christen the vessel.

The Harvest Atlantic Peace was built in Norway in the renowned Sterkoder AS yard. She is a stern fishing trawler with an on-board factory and is capable of catching and processing 6 500 to 7 000 green-weight tons of Cape Hake per year.

She will be able to freeze 40 tons of Cape Hake per day with a crew of 60 and will be at sea for between 30 and 40 days.
 
“We have made this significant capital investment to increase our company’s vessel capacity in order to successfully catch and process our quota for the long-term sustainability of our business,” said Sea Harvest CEO Felix Ratheb.

Sea Harvest depends on government allocated fishing rights to protect the jobs of more than 2 400 employees on the West Coast.

“As a company, Sea Harvest is totally committed to sustainable fishing and we harvest responsibly for our future generations,” said Ratheb.

The fishery has Marine Stewardship Council certification - the gold standard for the responsible management of marine resources - assuring consumers they’re buying from a sustainable fishery.

Established in 1964 in Saldanha Bay, Sea Harvest has grown to be one of the largest employers in the town.

“Our company being the biggest economic driver on the west coast is core to the people of the Saldanha Bay region, and our people are crucial to our business. Sea Harvest is totally committed to improving the lives of the local community through various capital and social investments,” said Robertson.

A study conducted by the University of Cape Town found Sea Harvest to be the most important contributor to the West Coast economy, indirectly responsible for about 35% of all household income in the Saldanha Bay area and about 5 000 direct and indirect jobs.

Robertson said 97% of Sea Harvest's employees are regarded as previously disadvantaged and 55% are women.

Sea Harvest is the country’s largest broad-based black owned and managed fishing company, 85% is owned by shareholders Brimstone Investment Corporation and Kagiso Tiso Holdings.

Through these primary investors the financial benefits of Sea Harvest have reached more than a million beneficiaries from previously disadvantaged and impoverished communities.

“Our on-going commitment to developing and supporting the local community has earned us the reputation of being one of South Africa’s most progressive black-empowered corporate citizens,” Roberston said.

“We are very proud of our community and it is imperative that the company’s success also positively impacts our staff, their families and the surrounding community – this is what our business is all about.”

- Fin24

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sea harvest  |  agribusiness  |  fishing

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