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GemCap investment allows Linebooker to venture outside South Africa

By: Irma Venter     4th September 2018 African Rainbow Capital Investments subsidiary GemCap has acquired online transport management business Linebooker from the Oceana Group for an undisclosed amount.   “The investment by GemCap is significant in that it gives us the scope and capital to expand our service offering and logistical... 

Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters     6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... 

Online bidding platform aims to ‘disrupt’ truck transport industry

By: Irma Venter     12th May 2017 Linebooker wants to do for the truck transport industry what Uber’s introduction did within the metered taxi industry – disrupt the traditional business model, cut costs and improve competitiveness and convenience. A spinoff from the innovation arm of CCS Logistics (part of the Oceana Group),... 

New online system allows transporters to bid directly on loads

By: Irma Venter     11th April 2017 Linebooker wants to do for the truck transport industry what Uber’s introduction did within the metered taxi industry – disrupt the traditional business model, cut costs and improve competitiveness and convenience. A spinoff from the innovation arm of CCS Logistics (part of the Oceana Group),... 

Tiger Brands posts higher income despite inflationary pressure 

By: Megan van Wyngaardt     23rd November 2016 The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in... 

Famous Brands buys Western Cape potato processor

By: Tracy Hancock     26th May 2016 Although the South African potato processing industry is growing rapidly to meet increasingly strong demand fuelled by the brisk growth in food services and the convenience market, JSE-listed Famous Brands says it lagged its peer industries in developed countries, illustrating the growth... 

Acquisitions boost Oceana

By: African News Agency      12th November 2015 Oceana Group on Thursday delivered a strong set of results for the year to September underpinned by the acquisitions of the fishing assets of Foodcorp and the US-based Daybrook Fisheries. The company said in a statement: “Volume growth across most sectors and improved pricing, bolstered by the... 

Oceana, Foodcorp merger to be heard by Competition Tribunal

By: Leandi Kolver     15th January 2014 The proposed merger between fishing company Oceana Group and South African food company Foodcorp’s fishing business, which consists of pelagic, hake and lobster divisions, would next week be considered by the Competition Tribunal, as the merging firms did not agree with the merger conditions... 

Tiger Brands’ half-year earnings stunted by DFM deal

By: Idéle Esterhuizen     30th May 2013 Consumer packaged-goods company Tiger Brands on Thursday reported “reasonably decent” results for the half year ended March 31, with CEO Peter Matlare stating that the company’s performance had suffered owing to its acquisition of a stake inNigeria-based flour milling company Dangote Flour Mills... 

Brimstone to continue pursuing investment opportunities

By: Natasha Odendaal     24th January 2013 Black-empowered investment group Brimstone would continue to examine potential complementary investment opportunities and would pursue those that provided the “right returns” at the “right price”, CEO Mustaq Brey said on Wednesday. He pointed out, however, that the group, which expected its... 

Oceana fined R34.75m for price fixing

9th May 2012 The Competition Commission has concluded a settlement with the Oceana Group and Oceana Brands, collectively know as Oceana, regarding a number of price fixing and market allocation contraventions within the pelagic fish industry. The commission said in a statement on Wednesday that Oceana had... 

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