By and large a strategically written report that hangs together as a useful document for the analyst seeking to understand the nature of the external risks facing the company and the steps the company is taking in mitigation. The acquisition of Dalebrook, for example, is well-motivated. Statements from Chairman Mustaq Brey and CEO Francois Kuttel also reveal maturity of leadership. Although the moral DNA of OCE seems sincere, as with peers, no reference to marketplace behaviour. While OCE reports well on many core issues, such as fishing rights and skills development, other material issues, such as BEE (transformation), health & safety, and environmental issues, lack depth and insight in dealing with the underlying concerns, focusing rather on a compliance approach.

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