Western Cape police said that the perlemoen seized following a high-speed chase near Mossel Bay on Wednesday morning is worth an estimated R900 000.
Police said they found 9952 units of perlemoen inside a Ford Ranger bakkie which had left the road and drove into bushess near the Gouritz River Bridge after being chased down by members of the Southern Cape Highway Patrol.
The occupants of the bakkie fled and are still at large.
Police discovered a large quantity of perlemoen, weiging 1130kg, packed in bags, still inside the vehicle.
The perlemoen will be handed over to a representative of the Department of Sea Fisheries for secure storage.