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Oceana Group Factsheet 2013

Oceana Group Factsheet 2013

Incorporated in 1918, Oceana Group is the largest fishing company in Africa, and an important participant in South Africa and Namibia’s fishing industry.

  • Oceana Group consists of a number of operating subsidiaries in the fishing and commercial cold storage industries. Oceana’s core fishing business includes the catching, processing, marketing and distribution of canned fish, fishmeal, fish oil, lobster, horse mackerel, squid and hake. Its main operations are located in South Africa, namely St Helena Bay, Lambert’s Bay, Hout Bay, Cape Town, Port Elizabeth, and in Walvis Bay in Namibia.
  • Oceana is listed on both the Johannesburg (JSE) and Namibian (NSX) stock exchange.
  • The group employs over 3,000 people, including permanent and seasonal employees, in both SA and Namibia. 
  • Oceana’s empowerment trust, the Oceana Empowerment Trust, gives 2,706 employee beneficiaries a participatory right to 13.9 million shares in Oceana. On 30 September 2013, the market value of the shares owned by the Trust was R1.1bn. The pre-tax value of the Oceana Empowerment Trust to employee beneficiaries was R 1bn.
  • Oceana has been independently verified by an accredited rating agency as a black owned and black-controlled level 2 broad-based black economic contributor (B-BBEE) with 95.17 points achieved on the government’s B-BBEE scorecard.
  • Oceana was ranked 2nd overall in the Mail & Guardian Most Empowered Companies survey, ranking all JSE listed companies in 2013.
  • The group was ranked 15th on the list of Top 200 Performing Companies in 2013 in a Financial Mail Special Edition.
  • Lucky Star was named 2nd in the Tinned Food category and 8th in the Overall Favourite Brand category in the annual Sunday Times.TNS Top Brands Survey in 2013.
  • Internationally, Oceana Group was ranked #55 out of 100 world seafood companies by Undercurrent News – a publication for the seafood industry. Companies were ranked according to their turnover.
  • In the International Intrafish 150 listing – a new seafood business annual ranking of the largest seafood companies in the world – Oceana was ranked 73rd. The list ranks companies by their annual sales, and includes details about company management and history.

Oceana is committed to and supports responsible business practices:

  • 99.6% of our targeted South African commercial fishing rights are on the SASSI green list;
  • It is a founding and active member of the Responsible Fisheries Alliance aimed at promoting an ecosystems approach to fisheries management;
  • It has been included on the JSE’s Socially Responsible Investment (SRI) Index for eight consecutive years;
  • In 2010 and 2012 it was included in the Carbon Disclosure Leadership Index;
  • The group has published its Carbon Footprint Report each year since 2011;
  • It is a signatory to the United Nations Global Compact, as well as an international joint declaration on wild marine fisheries initiated by the UK-based Prince’s Charities International Sustainability Unit;
  •  Its hake business has MSC chain of custody certification. The hake trawl fishery is been MSC certified which confirms its compliance with the MSC’s rigorous standards in respect of responsible and sustainable fishing;
  • Its fishmeal and fish oil business has been certified as responsibly sourced and produced by the International Fishmeal and Fish Oil Organisation (IFFO-RS.)
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