Two decades ago this company helped pioneer what has become the world's largest cultured abalone industry. It is so successful that a private equity firm, Inspired Evolution, has just pumped R52,5m into it While poachers risk life and liberty extracting abalone off the shores of Hermanus, the pricey delicacy is being produced in tons not far away by Abagold, an SA aquaculture success story. Two decades ago this company helped pioneer what has become the world's largest cultured abalone industry. It is so successful that a private equity firm, Inspired Evolution, has just pumped R52,5m into it. "We invest in sustainable agricultural projects," says Inspired Evolution CEO Michael Brooks. "Abagold is on top of the game." Inspired Evolution investors include the Global Energy Efficiency & Renewable Energy Fund, Norwegian Swiss and Finnish development funds and SA's Industrial Development Corp (IDC).Abagold MD Christo du Plessis says the money will be used to lift Abagold'...
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