Black Employee Beneficiaries Laying Charges Against The Fund Trustees

South Africa - Cape Town - 07 April 2021 - Black employee beneficiaries of the Oceana Empowerment Trust say they are laying charges against the fund’s trustees after they allegedly registered and transferred the employee’s shares to themselves as the “beneficial owners” of all employee beneficiary shares. In a letter to the fund’s executive a beneficiary expressed her disgust about the treatment of black beneficiaries, questioning why changes were made without their consent and knowledge. Picture Leon Lestrade. African News Agency/ANA.