Western Cape Business News

Send  Share  RSS  Twitter  28 Sep 2009

VENTURES: Finding His 'Mojo' Again


Recent Western Cape Business News

MO Kajee, one of the respected players in the BEE arena, has come bouncing back after falling victim to a corporate culling at empowerment heavyweight Sekunjalo Investments at mid-year.

Kajee, who had served about two years as Sekunjalo’s CEO, found himself part of the ‘executive excess’ when the company restructured into a leaner and meaner corporate machine.

With the CEO role completely done away with, Kajee was left with a role as a non-executive who would purportedly play a role at Sekunjalo Investment Holdings.

For an executive of Kajee’s calibre - remember he also served as MD of both Premier Fishing and I& J in the recent past – this seemed a little light.

But it seems Kajee could not be kept down for long. Last month Kajee secured a multi-million rand BEE deal with the Sealub Alliance, the southern African distributor of Gulf Oil Marine.

Kajee also takes the helm of Sealub as CEO, where his experience in the local fishing sector will no doubt come in useful as Sealub attempts to grow market share in the specialised marine oil business.

Few people realise that Kajee – who has more than three decades of commercial experience – spent more than half those years in the petroleum industry, with 17 years being spent in the petroleum industry (including a stint as chief internal auditor at BPSA). Kajee currently sits on the board of PetroSA.

Kajee, however, has his work cut out in steering the recently formed Sealub Alliance into competitive waters.

Kajee seems undaunted: “Sealub has the potential to become a formidable player in the Southern African energy sector and I am excited by the opportunity this presents.”

Kajee told CBN the marine oil sector was different to the mainstream oil industry as the price of marine oil was not regulated. This is something that gives the Sealub Alliance some leeway in balancing a viable trading margin with the necessary endeavours to build market share.

Kajee said Sealub represented a foothold for Gulf Oil to develop into southern Africa and Africa.

What we hope to do is broaden from the initial focus on marine oil into the industrial lubricants market. These are fast moving products, which are being imported. At some stage we may even look at local manufacturing capacity…”

Asked whether his focus would be solely on Sealub, Kajee said that over the longer term he could look at other empowerment initiatives and projects.

I would like to look at other things, but I think the specific focus will be on the energy sector.”

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