News
ABAGOLD DRIED AUCTION – 25K INVESTMENT GRADE ABALONE
July 10th, 2023
SOUTH AFRICA’S BIGGEST ABALONE VENTURE TARGETS WEALTHY CHINESE IN NORTH AMERICA
December 5th, 2022
South Africa’s biggest abalone venture targets wealthy Chinese in North America.
Writer
Liza Mayer
Undercurent News
PROMISING POSSIBILITIES FOR ABAGOLD’S FISHY TREASURES
October 18th, 2022
Promising possibilities for Abagold’s fishy treasures
Writer
Marc Hasenfuss
Financial Mail
UPLIFTING OUR YOUTH – LET’S DO IT OURSELVES
September 14th, 2022
Uplifting our youth – Let’s do it ourselves.
Writer
Hedda Mittner
The Villlage News
RO 10M OMANI ABALONE FARMING PROJECT LAUNCHED IN MIRBAT – OMAN OBSERVER
August 12th, 2022
RO 10m Omani abalone farming project launched in Mirbat – Oman Observer
“LOCAL BUSINESS RECEIVES INTERNATIONAL AWARD” – THE VILLAGE NEWS
July 25th, 2022
“Local business receives international award” – THE VILLAGE NEWS
June 28th, 2022
ABAGOLD ANNOUNCEMENT – FRIENDS OF THE SEA SUSTAINABILITY AWARD 2022
June 28th, 2022
ABAGOLD LTD TO BE AWARDED BY FRIEND OF THE SEA AT THE NEW HARBOUR IN HERMANUS, SOUTH AFRICA
June 20th, 2022
Abagold Ltd to be awarded by Friend of the Sea at the new harbour in Hermanus, South Africa
FUTUREGROWTH – SUPPORTING OUR INVESTEES – ABAGOLD!
June 6th, 2022
ABAGOLD: SMALL, EXOTIC ABALONE BUSINESS MAY BE SWIMMING IN POTENTIAL
April 29th, 2022
Abagold: Small, exotic abalone business may be swimming in potential
ABALONE FARM IN MIRBAT TARGETS TO INCREASE ANNUAL CATCH
December 11th, 2018
ABAGOLD’S NOVEL SOLUTION TO WATER SHORTAGES
November 10th, 2017
ABAGOLD ANNOUNCED AS LEADING EMPLOYER:SKILLS DEVELOPMENT FOR THE AGRICULTURE SECTOR
October 5th, 2017
ABAGOLD WINS – EXCELLENCE IN EXPORTING AND BEST NON-MANUFACTURING COMPANY AWARD
October 25th, 2016
Abagold – Exporter-of-the-Year
ABAGOLD CORPORATE VIDEO
October 19th, 2016
If you would like to learn more about our operations please Click Here
ABAGOLD ABALONE IN KUCHING – MALAYSIA
May 24th, 2016
Abagold was recently featured in a Malaysian newsletter. Click on the link below to view the article.
FUTUREGROWTH ACQUIRES MINORITY INTEREST IN ABAGOLD LIMITED
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.
CHINESE NEW YEAR BOOSTS ABALONE FARMING IN SOUTH AFRICA
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.
THE SCIENCE OF THE ABALONE INDUSTRY
November 10th, 2015
Abagold speaks with Bruce Whitfield on 702 and Cape Talk regarding “The Science of the Abalone Industry”.
ABAGOLD SPEAKS WITH BUSINESS ACCELERATOR
October 29th, 2015
An interview with Cape Talk – Business accelerator – a radio station initiative that creates opportunities for small and medium size businesses to showcase their companies by talking to Pavlo Phitidis and the Cape Talk presenter of the morning show, Keeno Cummings.
NEW TOURISM AGENCY TO EXTOL VIRTUES OF ABALONE FARMING
October 14th, 2015
A new business venture at the new harbour was launched in style on Friday and marked an exiting new chapter for the tourism industry in Hermanus. Johan Hugo, formally the financial director for Abagold, took a leap of faith to quit his day job and follow his dream to establish Heart of Abalone, a tourism company offering tours and talks on abalone farming. Hugo partnered with Abagold for this venture with the base of operations, the Heart Shack, situated next to the abalone farm at the new harbour.
ABALONE COMPANY CREATES MORE THAN 120 JOBS – THANKS TO R5.6 MILLION INCENTIVE FROM THE DTI
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.
ABAGOLD CROWNED BY CHAMBER
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.
ABAGOLD RECEIVES PRESTIGIOUS NATIONAL INNOVATION AWARD
December 3rd, 2014
Abagold, an abalone farming and aquatic feed company, was announced the national winner of the Innovation Award at the Productivity SA awards function held in Johannesburg on 30 October. Abagold won the award for their innovative new water reticulation system designed by their engineering manager, Christiaan de Wet.
WESTERN CAPE TO BOOST AQUACULTURE
July 31st, 2013
The Western Cape government is examining ways to establish special economic zones (SEZs) to grow its aquaculture industry, according to Alan Winde, the provincial minister of finance, economic development and tourism. Winde visited the province’s two largest abalone farms, Abagold and HIK Abalone Farm, both in Hermanus.
SA MOVING TO SECURE ITS SHARE OF WORLD AQUACULTURE GROWTH
July 29th, 2013
South Africa’s aquaculture industry, though still in its infancy, has been identified by government as a key priority sector because of its potential to supplement dwindling wild-caught fish stocks with cultured fish products.
PLAN TO BOOST AQUACULTURE INDUSTRY IN WESTERN CAPE
July 21st, 2013
The Western Cape government is looking at establishing special economic zones from Hermanus to Gansbaai to boost the local aquaculture industry which employs 2300 people. Finance, Economic Development and Tourism MEC Alan Winde announced this plan during his visit to two of the province’s largest abalone farms, Abagold and HIK Abalone Farm this week.
WAVE ENERGY PROJECT GETS THE GREEN LIGHT
June 21st, 2013
It’s a first for SA and the world. The innovative combination of technology that Abagold has used in the design of their wave energy converter has been given the green light from the Department of Environmental Affairs.
MINISTER VISITS LOCAL ABALONE FARMS
June 21st, 2013
The establishment of Special Economic Zones (SEZs) and a R50 million investment are on the cards to facilitate growth in the local aquaculture industry. The announcement of these measures was made by Alan Winde, Minister of Finance, Economic Development and Tourism, during his visit to Abagold and HIK Abalone Farm on 12 June.
MINISTER ALAN WINDE ANNOUNCES INVESTIGATION OF SPECIAL ECONOMIC ZONES FOR WESTERN CAPE’S AQUACULTURE SECTOR
June 13th, 2013
The Western Cape Government is looking into the establishment of Special Economic Zones (SEZs) to boost the local aquaculture industry. Alan Winde, Minister of Finance, Economic Development and Tourism, made the announcement today, 12 June 2013 during a visit to two of the province’s largest abalone farms, Abagold and HIK Abalone Farm.
ADVANCING AGRICULTURAL ABALONE
May 7th, 2013
AGRI-BUSINESS investment fund, Agri-Vie, has flagged aquaculture in South Africa as an increasingly important initiative in protecting the abalone species. The company believes abalone-farming ventures could be the basis for the future development of the national aquaculture industry.
ABAGOLD WINS PRESTIGIOUS AWARD
March 28th, 2013
On Wednesday night, 20 March, Abagold Ltd won the inaugural annual South African Premier Business award for Exporter of the year, hosted at the Sandton Convention Centre by the Department of Trade and Industry (the dti) in conjunction with Proudly South African and Brand South Africa, and attended by 2000 guests.
WINNERS OF THE SA PREMIER BUSINESS AWARDS ANNOUNCED
March 22nd, 2013
The winners of the inaugural SA Premier Business awards were announced on the evening of 20 March 2013 at a spectacular awards gala at the Sandton Convention Centre. What sets these awards apart is how thoroughly they include enterprises that promote the spirit of success and innovation.
INAUGURAL SA BUSINESS AWARDS HONOURS EXCELLENCE
March 22nd, 2013
The best South African businesses in various sectors of the economy were showcased at the inaugural SA Premier Business Awards hosted by the Department of Trade and Industry (dti) on Wednesday night, 20 March 2013.
ABAGOLD – SA’S TOP EXPORT COMPANY
March 22nd, 2013
Abagold, one of the Overstrand’s most prestigious companies, won the SA Premier Business Award in the Export category on Wednesday evening the 20th of March 2013. This was the inaugural event hosted by Dr Rob Davies, Minister of Trade and Industry and attended by 2000 guests at the Sandton Convention Centre.
CONGRATULATIONS TEAM ABAGOLD
November 28th, 2012
On the 24th of November two Abagold cycling team sponsored by key suppliers to the company participated in the 20th Coronation Double Century Cycle Tour in Swellendam.
AGRISETA ABAGOLD
November 7th, 2012
Two Abagold employees received accolades at the recent AgriSETA awards ceremony. Faniswa Mtebele was nominated for the best adult basic education and training pupil, and Sihle Dlamini for best intern.
ABAGOLD WINS CAPE CHAMBER OF COMMERCE AND INDUSTRY TROPHY FOR INNOVATION
November 7th, 2012
The 22nd annual competition for the Western Cape Exporter of the year, as run by the Cape Chamber of Commerce and Industry, and sponsored by Absa Capital, was recently held in Cape Town. At this function, Abagold Ltd was awarded the Cape Chamber of Commerce and Industry Trophy for Innovation.
DORMAC NAMED EXPORTER OF THE YEAR 2012
October 29th, 2012
South Africa’s biggest ship repair and oil rig servicing company, Dormac, was chosen last night as the Western Cape’s Exporter of the Year in the 22nd annual competition run by the Cape Chamber of Commerce and Industry and sponsored by Absa Capital.
PERLEMOENBOERDERY IN SUID-AFRIKA
October 26th, 2012
Perlemoenboerdery in Suid-Afrika is aan die groei en kan in die toekoms ‘n beperkende impak op perlemoenstropery hê. So het Christo du Plessis, besturende direkteur van Abagold, by die viering van die 21ste Walvisfees hier gesê. Abagold bedryf groot perlemoenplase by Hermanus.
FRUIT OF THE SEA
October 17th, 2012
Christo du Plessis, managing director of Abagold, tells South Africa Magazine that South African abalone, known to South Africans as perlemoen, is one of the most desirable seafood dishes in the world.
ABALONE: FARMING GOLD
July 19th, 2012
Four years from now, when all the phases of Abagold’s fourth production facility will be complete, the company’s annual abalone production will almost double from the current 275tonnes (representing a monetary value of over R75million) to 475tonnes.
FARMING ABALONE – ON LAND
April 5th, 2012
Hermanus business is combating dwindling perlemoen numbers.
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AQUACULTURE RESCUES OUR ABALONE
May 9th, 2011
Abalone (perhaps better known as perlemoen), a seafood delicacy unique to the Western Cape coastline, is steadily and aggressively being wiped out by poachers, as is regularly reported. Easy and lucrative money has turned poaching into a full-scale industry, now removing an estimated 1 000 tons a year from our shorelines.
FROM EXPERIMENT TO EMPIRE
April 4th, 2011
Abagold Limited has grown from humble beginnings as an experimental abalone hatchery 20 years ago, to a sizable operation incorporating three large abalone farms and a world-class processing plant. Through an entrepreneurial spirit instilled in every employee, the company today is one of the largest marine aquaculture operations in the world and one of the principal employers in the Overstrand.
R52,5M INJECTION FOR WESTERN CAPE ABALONE FARM
April 1st, 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.
INSPIRED EVOLUTION INVESTS R52.5M IN ABAGOLD
March 28th, 2011
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.
GROOT PLANNE VIR PERLEMOENPLAAS
March 14th, 2011
Abagold se drie perlemoenplase op Hermanus gaan in grootte verdubbel dansky ‘n belegging van R52,5 miljoen deur die private-ekwiteitsbelegger Inspired Evolution. Die belegging sal Abagold in staat stel om ‘n vierde perlemoenplaas op te rig.
TRACTOR CAKE FOR LOYAL EMPLOYEE
March 11th, 2011
A man who loves tractors recently received a long service award from the company he has been part of for the past 10 years. Denis Usher, Abagold’s development manager, was honoured for his service to the company at a special function on Friday morning.
ABALONE FARMER GETS CASH BOOST TO INCREASE EXPORTS
March 10th, 2011
South African private equity firm Inspired Evolution had put R52,5m into a Western Cape abalone farm, it was announced yesterday. The investment, jointly made with the Industrial Development Corporation, was through a 25% black economic empowerment stake in Hermanus-based Abagold.
ABALONE FARMER GETS CASH BOOST TO INCREASE EXPORTS
March 10th, 2011
South African private equity firm Inspired Evolution had put R52,5m into a Western Cape abalone farm, it was announced yesterday. The investment, jointly made with the Industrial Development Corporation, was through a 25% black economic empowerment stake in Hermanus-based Abagold.
ABALONE PROJECT GETS R52M INJECTION
March 9th, 2011
A local private equity firm’s environmental and new energy technology fund has invested R52.5 million (approximately $7,5million) in a Western Cape-based abalone farm, Abagold Limited, enabling the expansion of its abalone production capacity for exports and to set the global standard for cultivated abalone production.
R52M FOR EXPANSION
March 9th, 2011
A R52.5 million financial injection from a SA new energy fund will double both Abagold’s current workforce of 270 employees and its annual production over 220 tons, of which 207 tons is exported.
FOSTER HOME RECEIVES MUCH NEEDED SUPPORT
February 24th, 2011
The babies being cared for at the Izibusiso Foster Home in Zwelihle will have lights, cooked meals and warm baths through-out the winter because Abagold has undertaken to pay the home’s monthly electricity bill.
SPECIAL CERTIFICATION ISSUED TO ABAGOLD FOR FARMING OF ABALONE
January 6th, 2011
Abagold recently achieved the Hazard Analysis and Critical Control Point (HACCP) certification for the production, processing and packaging of farmed abalone. This certification was issued by SGS, the world’s leading certification company, and is valid for three years.
ABAGOLD EMPLOYEES EARN QUALIFICATIONS GALORE
January 6th, 2011
Abagold has been a forerunner in the AgriSeta training system and is one of the first farms that has managed to put its workers in the system and has now also been the first farm where accredited training has taken place.
ABET GRADUATES SHINE
August 27th, 2010
Abagold awarded 27 certificates to 24 employees who successfully completed their ABET exams. The number of ABET certificates issued to Abagold staff since the programme’s implementation in 2005, now stands at 170.
ABALONE AND EDUCATION IN SOUTH AFRICA
July 14th, 2010
With rurally educated people (from previously disadvantaged backgrounds) looking for employment in South Africa, education levels skills and language are often barriers to their efficient employment. Abagold Ltd is the first abalone farm in the country to invest in basic education as the primary means of improving and maintaining a high efficiency level.
SOCCER FEVER
June 18th, 2010
ABAGOLD GOES YELLOW AND GREEN! On Friday 11 June, Vuvuzelas could be heard all over the harbour. Abagold staff had their own “gees vang” festivity as a build-up towards the Soccer World Cup kick-off. The choir had been practicing diligently for the past month, and when the big day arrived for South Africa, they were just as ready as Bafana Bafana for their big moment!
ABAGOLD EDUCATES ITS STAFF
March 11th, 2010
Abagold Limited is the first abalone farm in South Africa to participate in a far-reaching adult education programme for their staff. Steve McVeigh spoke with Abagold’s training manager, Mynhardt van Dyk, about the programme and its success.
ABAGOLD DONATES BLANKETS TO CHILDREN IN NEED
May 20th, 2010
After becoming aware of the recent burglary at the Rotary Haven Crèche and the good work being done at the Izibusiso (Many Blessings) foster home for babies and toddlers, Abagold staff members decided to get involved.
EMPLOYEES SUCCEED
January 7th, 2010
At the seventh Abagold ABET (Adult Basic Education and Training) certificate ceremony on Thursday, 10 December, nine learners received certificates. Leonoré Steneveldt, obtained a level 4 certificate in English communication. Four learners obtained their first certificates.
SHELL COMPANIES LEADING THE WAY
August 13th, 2009
Hermanus can now officially lay claim to two of the Western Cape’s fastest-growing and most innovative export businesses. Hermanus-based Elezane Industries and Abagold are finalists in the Cape Town Chamber of Commerce’s 2008 Exporter of the Year awards.
PERLEMOEN VAN ABAGOLD IS GOUD WERD
August 13th, 2009
Gekweekte perlemoen van Abagold van Hermanus in die Wes-Kaap is net so smaaklik soos sy gesogte Japanse eweknie en beklee daarom ’n topposisie en prysklas in die mark.
PRESTIGIOUS AWARD FOR ABAGOLD
August 13th, 2009
Abagold Limited, a company based in Hermanus that farms, processes and exports abalone took second place in the annual Enterprise of the Year competition. The competition, sponsored by Old Mutual and the AHI (Afrikaanse Handelsinstituut) is open to any business throughout the country.
ABAGOLD SETS BENCHMARK FOR ADULT EDUCATION
August 13th, 2009
Abagold Limited held a graduation ceremony on Wednesday, 6 May for ten new Abet students who participated in the adult education programme for the first time.
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ONTWIKKELING VAN LANDBOU BESTUURDERS
August 13th, 2009
Altesame 15 werknemers van Abagold is verlede Woensdag tydens ‘n sertifikaatoorhandigingseremonie vereer nadat hulle ‘n bestuurskursus suksesvol voltooi het. Die kursus is deur die Etiek en Leierskap Instituut (ELI) aangebied.
