Not everybody is going to agree with this, but Oceana’s CEO, Neville Brink, says he thinks “government has been very pragmatic in the way that they’ve allocated the quota”. He believes “they’ve achieved a very nice balance that encourages, in particular, the smaller species where you don’t need a high-capital intensive vessel, a row-boat or a Chucky like in West Coast rock lobster.” It’s not helping reported earnings though…
In a report on the website, Moneyweb, he talks about the Department of Forestry, Fisheries and the Environment doing “a good job in trying to balance socio-economic needs and keeping the industry competitive worldwide.”
You can read the report here.
There’s more to read here…
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