Under the chairmanship of empowerment doyen Mustaq Brey, fishing group Oceana has a good thing going on the transformation front. Brey, the CE of BEE player Brimstone, joined the Oceana board in 1995 and his group got 11% of the fishing group in 2005. Oceana also transferred about 12% to its employees, leaving it with about 30% black voting rights and economic interests. This is part of the reason why Oceana has for the second consecutive year featured on the JSE's socially responsible investment index. The core of the group's operations, fishing, allows it to facilitate the development of small and black suppliers. That gave it 100% on enterprise development and 60% on preferential procurement.
