AVI subsidiary I&V inaugurated its two new fishing vessels in a ceremony Friday.
The ceremony was performed by Archbishop Desmond Tutu’s daughter, Reverend Canon Mpho Tutu, at the V&A Waterfront in Cape Town, reports Businessiafrica.
The unveiling of the two vessels, Ferox and Umlobi, is part of what has been the largest investment in the South African fishing industry in the last 25 years.
The company invested ZAR 500 million (€32.3 million/$34.8 million) including the purchase of the vessels, and a ZAR 67 million (€4.3
