Black-owned fishing company Sea Harvest Group on Thursday listed in the Farming, Fishing and Plantations sector on the JSE’s main board.
The listing will provide investors with more choice and an opportunity to participate in the income streams and future capital growth of Sea Harvest.
“Globally, consumers know that when they buy South African Cape Hake, they are getting superior quality from a well-managed fishery,” CEO Felix Ratheb said.
He added that the company would continue to focus on growth and expansion.
“We’re pursuing organic growth through further margin-enhancing investment in our fleet and factories, as well as market diversification.”
Sea Harvest last year acquired a 56% stake in Australian firm Mareterram, which provides it with an existing platform and local knowledge to take advantage of the fragmented fishing sector in that country.
Brimstone Investment Corporation has held on to a majority 54.9% share of Sea Harvest and is committed to remaining invested and supporting Sea Harvest’s growth story.