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Oceana Group accused of mishandling empowerment trust to secure fishing licenses
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March 12, 2021 15:55 GMT
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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Debt repayment to funders in excess of R1 billion
Reduction of R129.8m in finance costs
7m raised from disposal of portion of Equites and Phuthuma Nathi stakes
4m raised from disposal of portion of Life Healthcare stake
Improved debt and liquidity ratios
Brimstone’s shareholding in Oceana Group increased to 25.01%
[Cape Town, 3 March 2021] Brimstone today released its Group results for the year ended 30 December 2020 reporting a reduction of over R1 billion in debt during the year.
Brimstone’s two largest investments, Sea Harvest and Oceana Group, produced strong results in an extremely difficult operating and trading period exacerbated by the COVID-19 pandemic.
/Fish Products Market Different Demand by Region: North America, Europe, China, Japan, Middle East & Africa, India, South America, Others Trending
Fish Products Market Different Demand by Region: North America, Europe, China, Japan, Middle East & Africa, India, South America, Others 29
The Global
Fish Products Market is defined with the presence of myriad competitors, which has given rise to a highly competitive vendor scenario to exist. Regal Intelligence has announced the addition of a new report titled, ‘Global Fish Products Market’ to its vast database of research reports. With the new participants entering this market on a regular basis, the global market is expected to witness an extremely heightened competition over the approaching years. According to the research analysts, the global market is expected to be worth USD XX Mn by the end of 2026, which is a highly decent growth to the previous revenue worth USD XX Mn listed in 2020. This growth is estimated to occur