First live crocodile auc­tion held in SA

The Star Early Edition - - BUSINESS REPORT - Antony Sguazzin

SOUTH Africa’s first live crocodile auc­tion was held last week as traders sought to es­tab­lish the value of the rep­tiles in an in­dus­try where most trans­ac­tions have been pri­vate.

The idea “was to gauge the prices for live an­i­mals in the lo­cal mar­ket as op­posed to skin prices in the in­ter­na­tional mar­ket”, said Neil Pen­tolfe, the owner of South­ern African Crocodile Traders, in an in­ter­view broad­cast by the SABC.

The auc­tion took place at Wartburg in south-east­ern KwaZulu-Natal. Hatch­lings, year­lings and sub-adults were sold, ac­cord­ing to the SABC.

Of the 8 500 rep­tiles on of­fer, 6 700 were sold, Business Re­port’s sis­ter pa­per the Daily News re­ported sep­a­rately, cit­ing Bran­don Pen­tolfe, the son of Neil Pen­tolfe.

Crocodile skins are used in the man­u­fac­ture of shoes, belts and other cloth­ing items, while the rep­tiles are also bred for their meat. – Bloomberg

PHOTO: SUP­PLIED

Hatch­lings, year­lings and sub-adult croc­o­diles were auc­tioned. Of the 8 500 on of­fer, 6 700 were sold.

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