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Africa

Oceana Group accused of mishandling empowerment trust to secure fishing licenses

Workers have accused the company of using black shareholders in the trust to get government fishing contracts, including those of Foodcorp, which was acquired in 2013

By Undercurrent News | March 12, 2021 15:55 GMT
Credit; Oceana
Credit: Oceana Group
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Africa’s largest fishing company, Oceana Group, is being investigated for allegedly mismanaging a black economic empowerment group trust in order to fund the acquisition of another company, IOL, a South African newspaper, reports [...]

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