For FW de Klerk reconciliation was never about moral intention, but always about political strategy, writes Antjie Krog.
Light showers. Partly cloudy. Cool.
The JSE-listed fishing and food business announced its subsidiary would buy the entire issued share capital of the company that produces cheese, butter and milk powders.
A consortium of black-owned companies led by the Sea Harvest Group has confirmed the terms of its transaction to acquire the fishing business of Viking Fishing Holdings.
Sea Harvest shares were up soon after listing on the JSE, following its successful R1.329bn initial purchase offer this month.
Brimstone has recorded a 22% increase in revenue and a 147% increase in operating profit for the financial year ended 31 December 2016.
Sea Harvest has managed to secure control of a vertically integrated agri-business listed on the Australian Stock Exchange.
At least 2 000 Sea Harvest staff stand to benefit from an employee share scheme that has been launched by the company.
Fishing company Sea Harvest projects lower shareholder earnings as a result of the acquisition of Viking.
Brimstone Investment Corporation's interim results have been impacted primarily by the downward valuation of some investments.
Brimstone's share price has shot up by almost 10%, as demand for Sea Harvest's initial public offering increased, resulting in R1.329bn being raised.
The listing is an example of what can happen if you stay the course long term to add value for your shareholders, says Mustaq Brey, CEO of Sea Harvest parent Brimstone.
Sea Harvest says it has acquired a 19.9% investment in Perth-based company Mareterram Limited, which recently listed on the Australian Stock Exchange.
This year Sea Harvest celebrated 50 years since its inception and on Thursday it launched its new vessel at the V&A Waterfront in Cape Town.
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