The fishing industry could well be a rewarding line in the next five years, for investors able to cast aside prejudices around operational risk.The problem, of course, is that the JSE no longer hosts a lot of fishing opportunities.In the distant past the JSE floated a good number of fishing boats — including, believe it or not, a Durban-based whaling company (which might be a contentious investment these days). The most recent attempt at anything remotely resembling a fishing business was (currently suspended) preference share based investment company BK, which held interests in trout farming ventures and a seafood wholesaling enterprise.These days the JSE is left with one dedicated fishing listing in form of the well diversified Oceana Group. This could change, depending on what a handful of counters with fishing exposure decide to do with their respective interests.Currently the JSE offers three indirect entry points to the fishing sector, via empowerment counters African Empowerm...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.