Covid-19 challenges made Brimstone 'go to gym' and come out fitter, says CEO

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Brey is pleased with what he regards as strong results by Brimstone's two largest investments, namely Sea Harvest and Oceana Group.
Brey is pleased with what he regards as strong results by Brimstone's two largest investments, namely Sea Harvest and Oceana Group.

A reduction in debt of over R1 billion is the biggest highlight in the latest results for Brimstone CEO Mustaq Brey.

Investment group Brimstone released its group results for the year ended 30 December 2020 on Wednesday.

"The challenges brought on by the coronavirus pandemic made us look at 2020 as a year to go back to the gym to right-size the company. We set ourselves a target to look at expenses and the new way of working and we emerged fitter in the process," Brey told Fin24.

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