Sealub Alliance South Africa - the official Southern African distributor of Gulf Oil Marine Ltd, announced the conclusion of a multi-million Rand BEE deal which is one of the first to be concluded in the local marine oil sector. The deal has been concluded with prominent local businessman Mo Kajee who will take up the position of Chief Executive Officer with immediate effect.
Kajee brings more than 30 years commercial experience to the business, with 17 years being spent in the petroleum industry. During this time Mo has held various high profile positions in the fishing industry as well - first as CEO of Premier Fishing and later as Managing Director of I&J Limited. In June 2006, Mo rejoined JSE-listed Sekunjalo Investment Group – a company he co-founded in 1997. More recently in his position as CEO, he successfully led Sekunjalo through a major restructure.
Recently established Sealub Alliance South Africa (PTY) Ltd. forms part of the global marine lubricant distribution network operating as a member of the international Sealub Alliance Network. Currently the Sealub Alliance supplies marine lubricants under the Gulf Oil brand to more than 700 ports in over 50 countries around the world.
Kajee said, “Sealub has the potential to become a formidable player in the Southern African energy sector and I am excited by the opportunity this presents.”
Commenting on the appointment, Executive Chairman of Sealub Alliance South Africa, Steve Watson said that Kajee brings a wealth of industry experience and a talent for developing new business and nurturing opportunities in Africa . “This is an exciting development; Mo will spearhead the operations of a rapidly growing global business which includes the expansion of operations to ports across Africa and developing other strategic investments within the local fuels sector.”