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Saldanha fresh fish processing plant invests in desalination solution

By: Schalk Burger     6th April 2018 A water treatment plant built at JSE-listed sea food company Sea Harvest’s internationally accredited Saldanha Bay operations, in the Western Cape, treats effluent and sea water and provides all the water the operations require, says Sea Harvest operations director Terence Brown. “The most... 

Water treatment, desalination plant to meet Sea Harvest’s Saldanha water needs 

By: Schalk Burger     22nd March 2018 A water treatment plant built at JSE-listed sea food company Sea Harvest’s internationally accredited Saldanha Bay operations, in the Western Cape, treats effluent and sea water and provides all the water the operations require, said Sea Harvest operations director Terence Brown on Thursday at... 

Sea Harvest says makes progress in talks to buy Viking Fishing

By: African News Agency      25th January 2018 Seafood company Sea Harvest said on Thursday it had made progress in negotiations to acquire the entire fishing business of Viking Fishing Holdings and a 51% stake in the issued share capital of Viking Aquaculture. "An announcement providing further details will be made as soon as practicably... 

Brimstone says subsidiary Sea Harvest in acquisition talks

By: African News Agency      11th December 2017 South African investment holding company Brimstone said on Monday its subsidiary Sea Harvest had entered into negotiations to acquire the entire fishing business of Viking Fishing. Brimstone, which has a 54.9% stake in Sea Harvest, said a consortium of broad-based black economic empowerment... 

Sea Harvest invests in new trawler

11th August 2017 JSE-listed Sea Harvest has acquired a new freezer trawler from Icelandic fishing company HB Grandi for $13.5-million. The MV Therney trawler was built in the Sterkoder yard in Norway. 

Brimstone pays out 15th consecutive dividend

By: News24Wire      28th February 2017 Brimstone recorded a 22% increase in revenue and a 147% increase in operating profit for the financial year ended 31 December 2016, the company announced on Monday. A dividend of 42c a share was declared. 

Sea Harvest gains control of Australian company

By: News24Wire      11th August 2016 Sea Harvest has managed to secure control of Mareterram, a vertically integrated agri-business listed on the Australian Stock Exchange, the company said on Wednesday. Sea Harvest will own an effective 56% of Mareterram, after shareholders accepted a bid from Sea Harvest totalling approximately... 

Sea Harvest extends Australian footprint

By: News24Wire      7th January 2016 Sea Harvest announced on Thursday that it has acquired a 19.9% investment in Perth-based company Mareterram Limited, which recently listed on the Australian Stock Exchange. According to a statement, Mareterram is a vertically integrated agri-business. Its operations currently encompass the... 

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 Government continues to stress the importance of the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements in an economy that fell short of its growth target in 2014, achieving only 1.5%, after initially being... 

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 In 2015, government continues to stress the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements, in an economy that fell short of its growth target in 2014, achieving 1.5%, after initially being forecast to... 

Food industry continues to add value for Brimstone shareholders

By: Tracy Hancock     24th February 2015 JSE-listed Brimstone Investment Corporation has reported a total asset increase of R1.1-billion to R7.9-billion for the year ended December 31, with investments in the food sector contributing 40% of the company’s intrinsic gross asset value. In its reviewed preliminary condensed consolidated... 

Brimstone reports satisfactory 2013 results despite challenges

By: Zandile Mavuso     21st March 2014 Black-controlled investment company Brimstone says although 2013 was a challenging year, the financial results for the year ended December 31, 2013, were satisfactory. 

Brimstone 2012 profit up 80% as investments deliver good performance

By: Idéle Esterhuizen     5th March 2013 The good performance of most of its investment companies, subsidiaries and associate companies resulted in black-empowered investment group Brimstone’s profit for the year ended December 31, 2012, having increased by 80% to R842.1-million from the previous year’s R468.8-million, CEO Mustaq Brey... 

Oceana fined R34.75m for price fixing

9th May 2012 The Competition Commission has concluded a settlement with the Oceana Group and Oceana Brands, collectively know as Oceana, regarding a number of price fixing and market allocation contraventions within the pelagic fish industry. The commission said in a statement on Wednesday that Oceana had... 

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