Article as appeared in
Four years from now, when all the phases of Abagold’s fourth production facility will be complete, the company’s annual production of abalone will almost double from the current 275tonnes (representing a monetary value of over R75million) to 475tonnes.
And this is lightweight in terms of global abalone production, which is standing at around [...]
Article as appeared on Engineering News (1 April 2011)
Local private-equity firm Inspired Evolution’s environmental and new energy technology fund has invested R52,5-million in Western Cape-based abalone farm Abagold.
The Hermanus farm is the country’s largest exporter and international competitor in the hatching, rearing, processing and exporting of local abalone.
The financial injection from Inspired Evolution’s R700-million equity [...]
Article as appeared on Financial Mail
Stafford Thomas
Thursday, 31 Mar 2011
While poachers risk life and liberty extracting abalone off the shores of Hermanus, the pricey delicacy is being produced in tons not far away by Abagold, an SA aquaculture success story.
Two decades ago this company helped pioneer what has become the world’s largest cultured abalone industry. [...]
Article as appeared on:
Inspired Evolution has invested R52.5m in South African shellfish farmer, Abagold.
Inspired Evolution is understood to have made the investment jointly made with the Industrial Development Corporation, giving the investors a 25% stake of the company. The private equity investor was attracted to the deal because of its strong management team, which it [...]
