Thesis (MBA)--Stellenbosch University, 1984. / BACKGROUND AND OBJECTIVE: The chief sector of the South African fishing industry, demersal
trawling is in a state of uncertainty that brings its
competitiveness and long term developnent into question.
The Hake (Merluccius capensis and Merluccius paradoxus) resource,
which accounts for 70% of the landed catch, has finally started on
the expected road to recovery and it is anticipated that this will
proceed shortly for a nunber of years. During 1983 comfort was
derived from the resulting rise in catch per unit effort rates and
a significant improvement in the average size of fish landed.
This, together with lower fuel prices and increased operating
efficiences, enable the industry to operate at lower expenditure.
Unfortunately, a second successive reflection of the T.A.C. (Total
Allowable Catch ) of 12% in 1983 meant that gains in productivity
were not fully reflected in reduced landed costs. This year (1984) the T. A. C. was increased by 4,8% which only marginally
improves the already poor situation.
More serious difficulties can be traced to adverse market
developments. The price of fish has fallen in real terms (see
Table 1.1 below) over a number of years. However, in 1983, the
industry experienced a startling fall in prices, the severity of
which may be gauged from the fact that actual prices realised were
roughly equal to those of 1981. (Bross, 8 May, 1984) This pattern
is continuing through 1984 - as is seen in Table 1 .1, an extract
from Irvin & Johnson financial results .
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/80790 |
| Date | 12 1900 |
| Creators | Flanagan, B. L. |
| Contributors | Hamman, W. D., Stellenbosch University. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
| Format | vii, 67 p. |
| Rights | Stellenbosch University |
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