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This commitment is apparent in its investment into the Oceana Empowerment Trust (OET). Over 2400 previously disadvantaged South African beneficiaries hold 13,3 million shares in the Oceana Group through the Trust, translating into over 10% of the group’s total issued shares. This makes the OET the largest fishing entity in South Africa, with 100% black ownership with a market value of just under R1 billion. This year, as the OET vests, its impact on the beneficiaries’ lives and their families and communities is astounding. OET chairperson Jayesh Jaga said: “The Trust was created as a pl...

Members of Parliament have called on the Department of Environment, Forestry and Fisheries (Deff) to investigate top fishing company Oceana following damaging allegations of black economic empowerment (BEE) transgression by some former and current employees. Picture Leon Lestrade. African News Agency/ANA. Oceana Trust beneficiaries take the battle for empowerment to Parliament Share CAPE TOWN - MEMBERS of Parliament have called on the Department of Environment, Forestry and Fisheries (Deff) to investigate top fishing company Oceana following damaging allegations of black economic empowerment ...