Abalone, commonly known as "perlemoen", is a critically endangered species. Since the early 2000s, thousands of tonnes of abalone have been poached from South Africa’s coast.
It is a highly valued delicacy in China, which primarily imports abalone from South Africa. The Doring Bay Abalone Farm started in 2013 and is partly community-owned. The farm started with just eight employees. Now it employs over 50 community members, and produces 60 tonnes of abalone each year.
For more financial news, go to the News24 Business front page.