The oceans and their fisheries are a challenging space, characterised by multiple and often conflicting sectors and stakeholders. Increasing our engagement with stakeholder groups is critical to the integrity, effectiveness and continuity of our operations. Understanding and being responsive to the interests of our various stakeholders is critical to delivering on our core purpose.

We undertake regular and proactive engagements with our key stakeholders to understand and respond appropriately to their interests. We place a particular priority on those stakeholders who have a material influence on our activities. These include our employees, government and regulators, investors and shareholders, suppliers and service providers, customers and the diverse communities in which we operate.

Government and regulatory authorities

Material Interests

  • Oceana’s contribution to economic development imperatives of food security, job creation, transformation, localisation, and skills development
  • Compliance with permit and related requirements
  • Contribution to tax and trade balance

Our strategic response

  • Strong and continuing focus on job creation, preferential procurement and on transformation and localisation initiatives and the appropriate distribution of value created.
  • Clear designation and appointment of executive and management responsibility for engagement and compliance
  • Regular direct engagement with relevant authorities on strategic matters, e.g. DAFF, DPW, dti, DEA and other government departments
  • Formal policies and operating procedures, training and reporting to facilitate compliance
  • Prompt response in instances of non-compliance, with disciplinary action as required

Shareholders, investors and media

Material Interests

  • Sustainable growth in shareholder value through consistent earnings improvements, clear growth and capital expansion strategy
  • Responsible corporate governance practices
  • Receipt of quality information of interest to stakeholders and public

Our strategic response

  • Strong board and executive leadership
  • Sound corporate governance practices
  • Succinct reporting via SENS, website, reports and presentations
  • Enhanced communication via advertising, face-to-face engagement, events and increased media coverage

Employees

Material Interests

  • Opportunities for career and personal development
  • Job security, satisfaction and recognition
  • Market-related terms of employment and staff benefits
  • Safe, healthy and congenial working conditions
  • Staff benefits, super-annuation funds, health awareness, life skills

Our strategic response

  • Wealth creation through the Oceana Empowerment Trust
  • Skills training and development initiatives
  • Competitive remuneration and employment conditions
  • Transformation initiatives to encourage diversity in the workplace
  • Group code of business conduct and ethics
  • Employee education and compliance with health and safety regulations

Trade unions South Africa: FAWU, TALFU, NCFAWU, UDF and CWU Trade unions Namibia: NAFAU and NATAW

Material Interests

  • Engagement and negotiation in good faith
  • Market-related terms of employment
  • Job security, satisfaction and recognition
  • Safe, healthy and congenial working conditions

South Africa: FAWU, TALFU, NCFAWU, UDF and CWU

Namibia: NAFAU and NATAW

Our strategic response

  • Recognition agreements
  • Wages and conditions negotiated via industry bodies and/or relevant unions at plant level
  • Regular communication through employee forums
  • Disciplinary and grievance procedures

Customers and consumers

Material Interests

  • Providing safe, quality products at competitive prices
  • Continuity of supply
  • Product information

Our strategic response

  • Regular contact with major customers
  • Independent audit and checking of processes and quality; market and customer surveys; group and divisional websites with product information; contact details and helpline numbers
  • Prompt follow-up of enquiries and complaints

Suppliers and service providers

Material Interests

  • Promoting joint growth opportunities in a responsive and mutually respectful manner
  • Timely payment and favourable contract terms
  • Commitment to and progress in furthering B-BBEE procurement
  • Sustainable business relationships

Our strategic response

  • Regular direct communication with major suppliers
  • Group-wide code of business conduct and ethics, with supplementary policies
  • Monitoring B-BBEE procurement levels of suppliers and partners

Local communities and NGOs

Material Interests

  • Access to work and supplier opportunities
  • Responsive to concerns and impacts
  • Operations conducted in a safe and lawful manner
  • Investment in community infrastructure
  • Contributing responsibly and transparently to broader societal interests

Our strategic response

  • Strengthened consultation and communication with local communities and their representatives
  • Demonstrated commitment to finding beneficial solutions to identified concerns
  • Effective co-ordination of our CSI initiatives with the aim of improving the socio-economic conditions of the communities from which we draw our staff
  • Prompt attention to dispute resolution

Industry bodies

Material Interests

  • Contributing responsibly and credibly to the collective business voice

Our strategic response

  • Participation in and membership of relevant industry bodies and associations; Signatory to the United Nations Global Compact (UNGC)