The 30 300 tons of coal on board the bulk carrier Seli 1, stranded in Table Bay, have been sold, authorities said on Tuesday.

Cargo underwriters had sold the coal to businessman and property developer Darren Rahme, the South African Maritime Safety Authority (Samsa) and salvors Smit Marine said in a statement.

"Mr Rahme's priority is to remove the coal as soon as possible so as to reduce any environmental threat and to facilitate the ultimate removal of the wreck."

Cargo removal had already started and the entire operation would take two to three months.

This would however depend on the weather. Safety of all those working onboard was the top priority.

Coal packed into one-tone bags

The coal was being packed into one ton bags which would be transported by barge to the port of Cape Town, where coal distributors MacPhail would take responsibility for it at the quayside.

"Once the cargo has been removed, all efforts will be focused on removing the Seli 1 from her present position at Table View Beach," said Samsa and Smit Marine.

The Seli 1 went aground in a gale on September 8.

Last month, hairline cracks appeared on the main deck of the vessel, and authorities expressed concern about her structural integrity.