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The broadening of access to marine living resources is one of the most striking changes to have taken place in the South African fishing industry in the past 10 years. In so doing, it has re-established relative stability in the South African fishing industry and has set the platform for the allocation of long-term fishing rights.
Throughout the allocation of medium term rights, the Department has been mindful of the allegations of corruption, nepotism and racism that plagued the allocation of fishing rights in the past. Traditionally larger established companies dominate and control the marketplace, including pricing and profitability. Although there has been major transformation in the fishing industry as far as quota allocation is concerned, this has not necessarily translated into a redistribution of wealth. The fisherman is not paid the best price for his catch. This can only be achieved through an open-market system where the buyer (end user) and the seller (fisherman) are put in direct contact with each other.
Furthermore, historical factors such as access to capital, privilege and the necessary assets and equipment required to harvest, process and market fishing stocks have resulted in structural problems, which are challenging to overcome. Small fishing concerns also have no direct access to independent logistic service providers, to transport and/or process their catch to market, and they are therefore forced to deal with vertically integrated monopolies and lose all bargaining leverage.
WCE has developed fishcommex.com to provide the SA fishing industry with a Web-based trading solution, which assists all traders in addressing these issues, and to obtain a fair, market-related price for all fishcommex Traders. |
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| Characteristics of market prior to fishcommex: |
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Lack of transparency |
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Limited bargaining power for small players |
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Unequal market access |
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Restrictive pricing policies for large and small traders |
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Lack of market penetration by the whole industry |
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Corruption |
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| Characteristics of fishcommex market: |
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Full market transparency |
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HDI market participation |
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Open market system |
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Pricing optimisation |
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Opportunities created at every level of supply chain |
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Expansion of market |
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| WCE
has developed fishcommex.com to provide fishing
industries with an independent, transparent trading
tool that traders trust, allowing them to do the
best, market-related deal. |
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