South African couple Graham and Sheryl Anley had set sail on a three-month tour around the cape when they hit rough waters near East London.
"As the incident happened Graham sent a mayday radio distress call and activated the EPIRB (emergency position indicating radio beacon) but they were immediately forced to abandon the yacht," said National Sea Rescue Institute rep Geoff McGregor.
In a move that will likely put him in the Dog House for some time, Graham made the decision to save his beloved 9-year-old Jack Russell Rosie first, before ensuring his wife's safety.
A rescue helicopter arrived on the scene a short time later and airlifted the couple and their dog to a nearby sea rescue base.
None of the parties involved had sustained any injuries, though something tells me that may yet change.