Oceana Group

Sunday, December 21st, 2014,

Our Business

The Lucky Star division is engaged mainly in fishing for inshore pelagic species (pilchard and anchovy) and in the production, marketing and distribution of fishmeal and branded canned fish products
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Our company

Oceana Group Limited (Oceana) was incorporated in 1918. Its shares are listed on the securities exchange operated by JSE Limited (the JSE) and the Namibian Stock Exchange (NSX).

Principal shareholders are Tiger Brands Limited, Brimstone Investment Corporation Limited and the Oceana Empowerment Trust.

Oceana provides employment opportunities for 3 940 employees, of whom 3 191 are directly employed and 749 are indirectly employed. It is a majority black-owned and black-controlled company and a level 2 B-BBEE contributor. In 2014 Oceana was rated as the most empowered listed company in South Africa (Mail and Guardian’s Most Empowered Company’s Ranking).

Oceana is committed to and supports responsible fishing practices. We strive to be a leading steward of the marine resource by harvesting our marine resource allocations responsibly, partnering with others to promote an ecosystem approach to fisheries management, promoting research to ensure the sustainability of our marine resources, and enforcing a zero-tolerance approach to illegal and unregulated fishing. Oceana is a founder member of the Responsible Fisheries Alliance (RFA), which is a partnership with WWF-SA and other large-scale commercial industry players, to advance an ecosystems approach to fisheries management.

Oceana's Lucky Star range of canned fish and Lucky Pet products are all predator friendly; the South African hake trawl fishery is certified by the Marine Stewardship Council (MSC), we have also directly contributed to the success of these processes by providing the Compass Challenger – a vessel jointly owned with our JV partners, Bhana Coastal Fishing and Azanian Fishing – to be used by DAFF in their pelagic research surveys; and Oceana's fishmeal and fish oil operations are certified as responsibly sourced and supplied by the International Fishmeal and Fish Oil Organisation (IFFO).