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Posted on March 23rd, 2016

South Africa abalone farm attracts investor’s money -First in Seafood News – Intrafish


Posted on March 9th, 2016



Posted on February 26th, 2016

Hermanus, Western Cape – Abagold Limited, a diversified aquaculture business in on-land abalone production, announced that Futuregrowth Asset Management had purchased a significant minority stake in the company from existing shareholders.

Abagold Limited successfully operates its on-land abalone farming operation in the town of Hermanus, where it was established over 22 years ago. This publicly traded company has been growing organically but steadily over the past ten years, and now produces in excess of 500 tons of abalone per year, making it the largest abalone farm in South Africa. Recent expansions have brought attention to its operations as it more than doubled capacity in the past four years.

“The timing and the natural synergies between Abagold and Futuregrowth were what attracted Abagold to approach Futuregrowth when it became known that a few minority shareholders wished to sell shares in the company”, explained Tim Hedges, MD of Abagold, who went on to say, ” we respect the position that Futuregrowth holds in the agricultural investment space and look forward to pursuing our aggressive local and international expansion plans with them on board as part of our shareholder body”

It is believed that this sector will continue to perform strongly, especially in the current weak and unstable rand environment, as an essential component of this strategic growth sector identified by Government and promoted by it under the auspices of Operation Phakisa.

“From a Futuregrowth perspective, this acquisition of a minority stake in Abagold aligns with our strategy to invest our clients’ funds in high-impact, developmental sectors. Futuregrowth have been pioneers in the developmental investment space, and we are excited to include this investment in Abagold in our developmental portfolio,” Sarah De Villiers, an investment analyst at Futuregrowth commented.

Abagold was founded in 1993 and current employs over 500 people in Hermanus, where it farms the abalone as well as producing a range of specialized aquatic feeds for the aquaculture industry.

Abagold hatchery reaches a million spat milestone

Posted on February 23rd, 2016

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Abagold – The Clive Prins Youth Substance intervention programme

Posted on February 22nd, 2016

On the 17th of February 2016, Kwela from KykNet channel, screened a programme on the 2016 L2L walk of which the Clive Prins Youth Substance Intervention Programme, which is funded and was initiated by the Abagold Development Trust and run by the Sustainable Futures Trust, will be the beneficiary of this year. Clive Prins was Abagold’s longest serving employee when he was tragically killed in 2014.

The article also references the Just Care programme, the Abagold Development Trust financial supports this aftercare programme hosted at Mount Pleasant Primary school. In addition an Abagold employee, Thomas Lebitsa spends every afternoon coaching the youth in sport and gives much of his private time too to be with the children.

L2L ladies host fun walks _ Netwerk24

New wildlife documentary “Wild Treasures” on channel ANN7 ( DSTV 405) features Abagold !

Posted on February 22nd, 2016


Chinese new year boosts abalone farming in South Africa

Posted on February 8th, 2016

Abalones, or marine snails, are a much sought-after delicacy in Asia with demanding peaking around the Chinese New Year. Outside of Asia, South Africa is the largest exporter of farmed abalone – destined almost exclusively for the Chinese market. From Hermanus on the southern coast of South Africa, the BBC’s Jason Boswell finds out more for Africa Business Report.

Water in Abundance

Posted on July 15th, 2015

In our Abagold newsletter of 1 December, we reported on the pipeline  project which was commissioned on 6 October 2009. In order to pump more water to Bergsig farm and save electricity at the same time, a new 700mm pipeline of 450 metres in length was required. (more…)

Abalone Company Creates More than 120 Jobs – Thanks to R5.6 Million Incentive From the DTI

Posted on December 19th, 2014

Abagold Limited, a company that farms abalone in Hermanus, Western Cape is one of the few companies that have already accessed the Department of Trade and Industry’s (the dti) Aquaculture Development and Enhancement Programme (ADEP) incentive and has already created  120 new jobs.

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Abagold crowned by chamber

Posted on December 9th, 2014

Abagold Limited in Hermanus, which farms abalone for export, was the judge’s choice for the Transnet National Ports Authority for the best non-manufacturing exporter of the year at the Cape Chamber of Commerce and Industry Exporter of the Year function on 28 November.

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