MARINE: Sealub In BEE Deal
Recent Western Cape Business News
SEALUB has concluded a multi-million rand BEE deal, one of the first for the local marine oil sector. The deal is with prominent local businessman Mo Kajee, who has taken up the position of chief executive officer.
Kajee brings more than 30 years commercial experience to the business, with 17 years being spent in the petroleum industry. During this time he 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, Kajee rejoined JSE-listed Sekunjalo Investment Group – a company he co-founded in 1997.
Recently established Sealub Alliance South Africa 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.
Commenting on the appointment, executive chairman of Sealub Alliance South Africa, Steve Watson says 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.”
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