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Business acumen
1. Business
Acumen
Group 4
Sharon Knowles
Peter Sibande
“All our natural living
marine resources and
our marine environment
belong to all the people of South Africa.”
Marine Living Resources Act, 1998
2. The Fishing Industry
Since the earliest recorded history,
humankind has been dependent
on the world’s oceans for the
provision of food, employment
and valuable trade commodities,
as well as to meet recreational,
cultural and spiritual needs.
3. Situation
• Overfishing
• High demand
• Resulting in
• Decline in habitat
• Decline in fish numbers
• Decline in jobs
http://see-the-sea.org/index.html
4. • The tragedy of the commons
archetype
• There is competition for a common
resource
• Individual profits raised more and
more
• The resource becomes less and not
sustainable
• More effort goes into retrieving the
resource
• Thus the concern would be:
• No rules to manage the resource
• The resource will deplete
http://www.exponentialimprovement.com/cms/commonsfallacy.shtml
Concern
5. Can we stop the depletion of our fishing
resources?
• VSM
http://www.treehugger.com/green-food/how-bad-is-
overfishing-what-can-we-do-to-stop-it.html
6. Answer
• Dietary Choices Biggest Impact Individuals Can Have
• Remove Subsidies and Environmentally destructive fishing
becomes far Less Profitable
• Conservation Works, Catch Shares Work
• Enforcement is Key Though...
• Aquaculture
7. Relevance
In order to show relevance to
the big picture of sustainbility
and the crises withing the fishing
industry the Fishbanks simulation
game reflects the following that
in order to prevent the “tragedy
of the commons” that we will sef
regulate by limiting number of
ships that went out to see this led
to continued profitability of our
group as show by the following
financials
understand the nature of the
system at hand
the system can drive rational
fishermen to the point of
elimination of their fish supply
8. 0.5%0.5% of South Africa’s
GDP comes from
commercial fisheries
FACT
ZAR4.4 billion of fish caught in 2009 = 583 000 tonnes
of fish.
The annual revenue from commercial fisheries exports
from South Africa was estimated at ZAR3.1 billion in
2008.
Commercial fisheries contribute about 0.5% of South
Africa’s GDP.
In the Western Cape the fishing industry contributes 0.2%
to the Gross Geographic Profit (GGP).
In the impoverished Eastern Cape region, the squid
fishery generates ZAR500 million in foreign revenue per
annum, making it one of the country’s most valuable
fisheries.
South Africa’s commercial fishing industry employs
approximately 43 458 people, including seasonal and
permanent employment
Source: DAFF GDP Sector Draft 2010. Feike. 2010.
43 458 people
employed by South
Africa’s Commercial
Fishing Industry
10. The end of the line
Imagine a worldwithout
fish………….
11. Support
Wildlife Conservation Society - http://www.wcs.org/
Sharklife – www.sharklife.co.za
Fish the Sea - http://www.fishthesea.co.za/fwfish/endangeredspecies.htm
WWF - http://www.wwf.org.za/what_we_do/marine/mpas/
Interesting Reads
Fishing them dry
http://www.guardian.co.uk/environment/2008/may/11/fishing.food
Reeling them in
http://www.aljazeera.com/programmes/101east/2011/05/201152510033559169.
html
Mislabelling of Fish sold in Supermarkets
http://www.bdlive.co.za/businesstimes/2013/03/03/mislabelling-of-seafood-
products-rife
Notas del editor
Overfishing of resources
Cause by high demand
n order to show relevance to the big picture of sustainbility and the crises withing the fishing industry the Fishbanks simulation game reflects the following that in order to prevent the “tragedy of the commons” that we will self regulate by limiting number of ships that went out to see this led to continued profitability of our group as show by the following financials