Animal welfare agency Seal Alert South Africa, has announced its intention to take over the US$14.2 million seal industry.
If the deal goes through it is expected that the killing of fur seal pups on the Nambian coast will come to an end.
Francois Hugo, a senior staff at the Seal Alert South Africa said that an understanding has been reached with Australia-based seal buyer Hatem Yuvuz.
Pressure is mounting on Hatem Yavuz, Namibia's only remaining seal skin buyer, with offices in Australia, Turkey, Russia and South Africa, to stop its imports from Namibia.
The European Union (EU) in June this year banned the import of seal products to EU member states, in a move that was supported by animal rights groups.
The ban will come into force in 2010.
Raphael Mweninguwe
