In terms of its Bioprospecting Access and Benefit Sharing (BABS) permit Aloe Ferox recently made its first disbursement payments to three traditional tappers registered under the scheme. Traditional Tappers are independent rural entrepreneurs skilled in the craft of harvesting bitter sap from the Aloe ferox plant indigenous to the Cape, which they sell to traders at free market rates.
The disbursement payments in terms of the BABS permit is an additional incentive for tappers to participate in, and benefit from, the ideals envisioned by the Nagoya Protocol.
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