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Strong rand cuts into Oceana's fish exports.

Business Day (South Africa)

Byline: Alistair Anderson

Strong rand cuts into Oceana's fish exports ALISTAIR ANDERSON Contributing Writer JSE-listed South African fishing company Oceana's share price plunged 5,53% to close at R29,75 yesterday as the strong rand continued to dampen demand for fish exports.

This came the day after CEO Francois Kuttel said he remained confident his company would make impressive profits this financial year.

The share price of Oceana, SA's largest fishing company with a market capitalisation of about R3,45bn, moved from R31,49 to R29,75 during trading yesterday. There were 21542 shares traded in 10 deals. The fishing sector is subject to more exogenous …

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