Oceana Group Ltd (OCGPF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Welcome to the Oceania Interim Results for 2024 presentation on this beautiful Cape Town winter's morning. I think winter's finally arrived. 10 days ago, two weeks ago, we had elections. Interesting. Going back to 1994, we're now at 2024, 30 years later. We are really living in hope, and from all the indication that we've had in the last few days, it looks that our politicians will come to some reasonable conclusion that will help all of us. On behalf of the board, I would like to extend a warm welcome to all of you. Before we dive into the details of our financial performance, I want to take a moment to express our gratitude to our shareholders, stakeholders, employers, partners for their continued dedication and support. And I see many bankers in here as well. I should maybe say thank you to the bankers as well. Your collective efforts that have contributed to our company's success and resilience. Undoubtedly, we find ourselves operating in a dynamic and ever-evolving business landscape. Despite this, Oceana remains steadfast in its pursuit of growth and innovation. I must take a moment to commend the dedicated team for their hard work, creativity, and unwavering commitment to our shared goals, which have been instrumental in driving Oceana forward. Just a simple example again. When our management team came to us and said, there's 120 jobs at risk in Grafrenet of all places. Can you believe it? They've gone and our management will talk to you about what they've done later. And in that way, they've saved 120 important jobs in an area where unemployment is very, very high. As you will soon see, this has enabled another strong performance, increased investment in our South African operations, following the certainty provided by the foundation ...