Transformation of South African industrial fisheries

South African industrial fisheries have been dominated by a few large companies. The Marine Living Resources Act (MLRA) of 1998 emphasised that equity was to be achieved by redistribution through co-operative strategies among stakeholders. Instead, the reallocation of fishing rights has been treated as a resource management issue rather than a socio-economic challenge. Further, the institutional structures for transformation have been inappropriate. This paper investigates the institutional dynamics and discrepancies associated with transformation and concludes that the process became locked in a path dependency, which will eventually undermine the intentions of transformation.