The Food of Emperors: From Hermanus to the Far East…

Last year, at an auction of dried abalone in Hong Kong, a Hermanus business sold abalone for between $400 and $500 US dollars per kilogram. That business is Abagold - voted the 2024 Business of the Year by the Hermanus Business Chamber. In this interview with BizNews, CEO Tim Hedges tells viewers why South African abalone is at the top of the abalone hierarchy along with Japanese abalone. He traces the 29-year history of Abagold that now exports 95% of everything it produces - and provides permanent employment to 420 people. Hedges also lists the ways in which Abogold is maintaining its position in the global market and growing its business to ensure that it is still around in another 30 years.