August 24, 2020

Corporate Finance and Management

Fishing companies large and small require management skills ranging from finance to human relations. The South African commercial fishing sector generates an annual GDP of around R6-billion, of which a significant portion is ploughed back into fishing communities. Many senior managers work their way up through the ranks, while others are sourced from outside the sector.

Chief executives and managing directors of large fishing companies must navigate both economic and political terrain. Some management concerns are peculiar to the fishing industry, such as considerations around fishing quotas and purchasing vessels; other functions are not sector-specific, such as engaging clients or effecting economic empowerment.

Key tasks:

• Chair meetings to discuss company strategies and policy.

• Interact with government, regulatory stakeholders and investors.
• Manage and monitor financial affairs.

Entry requirements:

Senior management posts require extensive formal training and work experience, although not necessarily in the fishing industry. Business administration and finance qualifications are essential.

Career advancement:
Top managers have transferable skills and can migrate to other industrial sectors.