The Bioprospecting Economy
The South African bioprospecting sector consists of organisations (businesses; national and provincial government departments; public entities; research organisations; academic organisations), and people (communities; individuals; investors) that are searching for, collecting, harvesting and extracting living or dead indigenous species, or derivatives and genetic material thereof for commercial or industrial purposes.
Commercial and industrial products which fall under the sphere of the bioprospecting sector including drugs; industrial enzymes; food flavors; fragrances; cosmetics; emulsifiers; oleoresins; extracts or essential oils which contain these indigenous species.
Communities and organisations that utilise or modify any information on the traditional uses of indigenous biological / genetic resources also form part of the bioprospecting sector of the country.
Cultivation of indigenous biological / genetic plant resources or the trade in raw material in its original form may also be bioprospecting, depending on the intended use of the resource.