Africa leads the world in open­ing new busi­nesses

Cape Argus - - BUSINESS - Joseph Booy­sen

VI­O­LENT protests over the to­tal al­low­able catch (Tac) for the West Coast Rock Lob­ster have been slammed as “pre­ma­ture, mis­placed and mis­lead­ing”, be­cause a de­ci­sion had not yet been taken on the mat­ter.

Dis­grun­tled small-scale fish­ers in the Western Cape went on the ram­page this week and torched prop­erty to “demon­strate their anger” over a rec­om­men­da­tion that the Tac from the pre­vi­ous fish­ing sea­son be re­duced.

De­tails of the rec­om­men­da­tion were not clear, be­cause Siphokazi Ndu­dane, the deputy di­rec­tor-gen­eral of the De­part­ment of Agri­cul­ture, Forestry and Fish­eries, who is man­dated to speak on the mat­ter, could not be reached for com­ment.

Small-scale fish­ers have ar­gued that at­tempts to re­duce the Tac would threaten their liveli­hoods, be­cause they de­pended solely on fish­ing for sur­vival. They also ac­cused the de­part­ment of kow­tow­ing to big fish­ing com­pa­nies in the al­lo­ca­tion of fish­ing quo­tas in­stead of pri­ori­tis­ing them.

The de­part­ment, how­ever, hit back at the small-scale fish­ers, say­ing their ac­tions were mis­lead­ing, be­cause no de­ci­sion had been taken yet on the Tac for cray­fish for the 2017/18 fish­ing sea­son.

“A con­sul­ta­tion is un­der way, based on a rec­om­men­da­tion to re­duce the Tac from the pre­vi­ous fish­ing sea­son. This process is the nor­mal one fol­lowed to de­ter­mine the an­nual Tac, and the rec­om­men­da­tion does not con­sti­tute a de­ci­sion,” said de­part­ment spokesper­son Carol Moses.

She said the fish­ing sea­son for cray­fish started on Oc­to­ber 1 for the North­ern Cape and Novem­ber 1 for the other ar­eas, and the de­part­ment would an­nounce the Tac for the com­ing sea­son “shortly”.

The de­part­ment said it recognised the “le­git­i­mate griev­ances and de­mands” by small-scale fish­ing com­mu­ni­ties, and was at­tempt­ing to ad­dress them.

“The de­part­ment is con­cerned that the re­cent protests linked to a ru­moured re­duc­tion in the Tac are pre­ma­ture. The de­part­ment ap­peals for calm and urges law and or­der to be main­tained to pre­vent de­struc­tion to lives and prop­erty.”

A small-scale fish­er­man yes­ter­day posted on Face­book: “The rea­sons for the vi­o­lence in the fish­ing vil­lages are due to the fact that the fish­er­men’s liveli­hood has been taken away. The quo­tas have been al­lo­cated, and only 406 peo­ple were suc­cess­ful of the over 3 890 en­trants.”

The fish­er­man claimed that over the years the size of quo­tas had been de­creas­ing, while levies and fees had shot up. ALTHOUGH Africa has the high­est share in the world of adults start­ing or run­ning new busi­nesses, the con­ti­nent’s real (af­ter-in­fla­tion) growth in gross do­mes­tic prod­uct (GDP) slowed to 2.2% last year, while south­ern Africa strug­gled even more, with growth of only 1.1%.

These were some of the sta­tis­tics pre­sented yes­ter­day by Trevor Hardy, the chief ex­ec­u­tive of The Fu­ture Lab­o­ra­tory, at the an­nual congress of the South African Coun­cil of Shop­ping Cen­tres at the new ex­ten­sion of the Cape Town In­ter­na­tional Con­ven­tion Cen­tre.

In his pre­sen­ta­tion on “The new re­tail con­sumer”, Hardy looked at at­ti­tudes and pref­er­ences of a new kind of con­sumer, and what this would mean for the re­tail sec­tor in the com­ing years.

Hardy said the global re­tail mar­ket was set to grow in the next three years, with to­tal re­tail sales ris­ing to more than R367.7 tril­lion in 2020, up from an es­ti­mated R300.221trln. How­ever, in the African con­text, although in­dus­tri­al­i­sa­tion was con­tin­u­ing, African economies were now re­flect­ing global strug­gles, with the con­ti­nent’s real GDP growth slow­ing to 2.2% last year.

“Growth is ex­pected to rise to 4.3% in 2018, how­ever. Africa has the high­est share in the world of adults start­ing or run­ning a new busi­nesses.”

Hardy said Mil­len­ni­als were set to dom­i­nate re­tail spend­ing in China, and by 2024 the to­tal an­nual in­come of that gen­er­a­tion, about 415-mil­lion strong, was set to reach R4.3trln, or dou­ble the size of the UK’s cur­rent GDP.

“They spend 14% of their in­comes on non-food shop­ping, the high­est rate in the Asia-Pa­cific re­gion.”

An­other mar­ket Hardy high­lighted was the global Mus­lim pop­u­la­tion – a rel­a­tively un­tapped com­mer­cial mar­ket. The Mus­lim mid­dle class was ex­pected to triple in size, from an about 300m in 2015 to 900m by 2030.

He said the global ha­laal mar­ket alone was worth R20trln an­nu­ally and was in­creas­ing by more than R6 bil­lion an­nu­ally.

On tech­nol­ogy, he said: “Typ­ing, tap­ping and swip­ing will de­cline as in­put mech­a­nisms on de­vices as voice-recog­ni­tion gains ground.”

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