THE SALDHANA Fishing Group of South Africa has announced that it has sold its open sea fishing interests to the new Slipper Bay Fishing Co for R60 million. The new firm will be a partnership between the Silverman family - long involved in the country's fishing industry - and two black empowerment groups, Bluefin Holdings and Ntshonalonga Fishing; these companies have been sponsored by the ANC government to promote the involvement of black Africans in the country's economy.

The empowerment companies have each purchased a 20 per cent ...

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