Allegations of unfair practices shake Erongo Sea Products joint venture

Niël Terblanché Allegations have surfaced that the Oceana Group, might be undermining their Namibian counterparts, Erongo Marine Enterprises in the Erongo Sea Products Joint Venture. The allegations are casting a shadow over the partnership that has spanned more than 20 years. Central to the controversy is the recent suspension of Erongo Marine Enterprises’ Chief Executive Officer, Dr Martha Uumati, following her inquiries into the treatment and relationship with Namibian shareholders. An independent legal assessment conducted by the firm Cronje and Kie has unveiled potential violations of the joint venture agreements, heavily favouring the South African conglomerate. Particularly alarming are the…