A conflict of interest and possible corruption

Benguela Global, the fund manager that raised concerns about Capitec’s loan policies at the same time as Viceroy published a critical report on the bank, has made public its objection to recent developments at fishing company Oceana, suggesting the developments are a “related party transaction entailing a massive conflict of interest and potentially even laced with corruption”.,, In a nutshell, Oceana acquired 100% of US fishmeal producer Daybrook Fisheries in July 2015 for $382.3 million as part of its bid to diversify its operations and grow globally as there were few options remaining in South Africa. >click to read< 13:14