Khoi and San receive first cycle of benefit-sharing funds from rooibos industry
History was made this past week when the Rooibos industry disbursed the first round of benefit-sharing funds to the National Khoi and San Council and the South African San Council as part of an Access and Benefit-sharing (ABS) agreement that was signed between the parties in 2019.
To ensure financial propriety, a lengthy, but necessary administrative process preceded the R12,2 million payout.
As a signatory to the Nagoya Protocol, South Africa requires all who trade in indigenous biological resources, such as Rooibos, to share benefits with traditional knowledge holders in a fair and equitable way.
Source: Meropa Communications