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Oceana wants to secure rights before investing.

Business Day (South Africa)

| December 30, 2005 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

(From Business Day (South Africa))

Byline: Charlotte Mathews

Oceana wants to secure rights before investing Quotas to be announced next month FISHING group Oceana would make long-term investment decisions once fair and adequate long-term fishing-access rights had been secured, chairman Don Ncube said in its latest annual report.

The environmental affairs and tourism department is in the process of allocating rights starting in 2005-06 for periods ranging for eight years for species such as squid to 15 years for small pelagic fish.

The department said two weeks ago that announcements on long-term allocations would be delayed in several …

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