Rooibos industry pays R12.2m to indigenous councils

SA’s rooibos industry has disbursed R12.2m to the National Khoi-San Council and the SA San Council as part of an Access and Benefit-Sharing agreement signed between the parties in 2019.

The disbursement is the first round by the industry which is necessitated by SA being a signatory to the Nagoya Protocol, a 2018 agreement that requires parties that trade in indigenous biological resources to promote equitable sharing of benefits with traditional knowledge holders. Benefit sharing is also required under the National Environmental Management and Biodiversity Act as signatories of the Nagoya Protocol are also obliged to cascade its requirements into their national legislation...

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rooibos tea industry pays out SA indigenous groupsSouth Africa’s rooibos tea industry paid R12.2m to groups representing the indigenous Khoi and San people; a 15% levy of the farm gate price is to be paid into a trust each year. Wow
Source: Moneyweb - 🏆 5. / 77 Read more »