Oceana Group Limited celebrates its 60th Anniversary of being listed on the JSE
Illustration: Oceana CEO Andrew Marshall (centre) at the JSE Anniversary luncheon with Russel Laubser (left) and Humphrey Borkum (right)
“Looking back over our 60 years’ partnership with the JSE, there have been significant benefits flowing from Oceana’s listing,” says Oceana CEO Andrew Marshall.
Oceana is the largest and most diversified fishing and cold storage company in South Africa and is listed under the Foods Sector on the JSE. The company employs over 2200 employees increasing to 3000 during periods of seasonal activity.
Oceana’s listing on the JSE has enabled the company to develop a diversified ownership base through institutional investors, including retirement funds and insurance companies, and has a current BEE ownership of 33.1%, including Brimstone Investment Corporation’s 10% and the 12.4% held by the Oceana Black Employee Share Trust (Khula Trust).
For 60 years, Oceana’s listing on the JSE has facilitated constant growth and change of ownership as investor profiles changed along with economic and political trends. Different aspirations over time have vitalised and brought new dynamics into the company such as the pioneering BEE empowerment initiative with Real Africa Holdings Limited in 1994, followed by the Brimstone and Oceana Black Employee Share Trust agreement in 2006. The company was recently placed fourth on a Financial Mail BEE rating of all listed companies in South Africa.
Oceana’s place in the top six of the high environmental impact categories of companies on the JSE’s Socially Responsible Investment Index demonstrates the integrity of the company’s business activities.
Andrew Marshall says, “I am certain I can speak for all shareholders, employees, colleagues and business associates when I say that we, as Oceana stakeholders, are proud of our long association with the JSE.”
Andrew Marshall CEO: Oceana Group Limited
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