The opportunity in JSE fishing companies
There is some uncertainty around corporate noise at Oceana, but there are also some operational positives, writes Anthony Clark
The history of the listed fishing sector on the JSE is a long one. Leading fishing stock Oceana, formerly known as Ocfish, is 104 years old. Sea Harvest was founded in 1964 and Irvin & Johnson, now known as I&J, was founded in 1910.
Looking back at a Business Day newspaper from April 1994, I see the food sector classification on the JSE had the familiar fishing stocks of Oceana, I&J and Sea Harvest, alongside unfamiliar names to many readers such as Namfish, Namsea and Natrawl, long since delisted and swallowed. (At one stage, back in the 1960s, there was even a Durban-based whaling company listed on the JSE. — Editor)..