JAMIE CARR: Oceana Group celebrates centenary in style
Oceana Group is showing that there’s a lot to be said for a life on the ocean wave
While conditions on terra firma remain challenging across most sectors of the economy, Oceana Group is showing that there’s a lot to be said for a life on the ocean wave. The group is celebrating its centenary this year, and while that milestone may have been a little overshadowed by the remembrance of the cessation of hostilities in the Great War, Oceana has certainly come a long way from a small operation canning kreef in Lambert’s Bay. The company posted excellent results to mark its centenary, with strong performances across the group and a focus on operational efficiencies leading to an 86% rise in headline EPS. Very satisfactory news for Oceana is that the SA consumer, particularly when the wallet is feeling a squeeze, just can’t get enough of its Lucky Star pilchards. Local waters have been reluctant to provide a decent supply of the humble little fellows — indeed, conditions in Namibia have been so dire that it has suspended pilchard fishing entirely — but Oceana has kept th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.