South Africa’s Kruger National Park plans to make 500 white rhinos available for private bidders hoping to protect the animals and their highly-prized horns. The park asked potential investors to “make a written offer to purchase white rhinos in batches of 20 or more”.
Ideally, this measure would remove the animals from the rampant poaching that occurs at the park: over 1000 were poached in South Africa last year alone, more than three times the number in 2010. Rhino horn is used as a traditional medicine and a mark of wealth in growing consumer markets China and Vietnam.
As many as 5,000 of South Africa’s 20,000 rhinos are already owned by private ranchers, marking the expansion of a vast game farming industry that caters to eco-tourism and big-game hunting. Rhinos attract tourists for game viewing and legal trophy hunts, and some ranchers hold out hope that the horn trade will eventually be legalized.
Still, the risks and costs of keeping rhinos safe from poachers, even on private ranchers, may dissuade potential buyers from investing in the rhinos. “You are asking someone to put a large amount of money on the table in a speculative venture,” Pelham Jones, chairman of the Private Rhino Owners Association, told Reuters.
This article was first published by The Guardian on 06 Oct 2014.
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