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Brimstone sets sail

Many Cape Town-based shareholders can thank enduring empowerment company Brimstone for not sailing off into the sunset after a few investment successes - unlike some other iconic BEE groups. But Brimstone is hitting the high seas in an inspired deal that will see the company anchoring an empowerment consortium that is taking a strategic stake in shipping, infrastructure and logistics giant Grindrod.

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Oceana hoists BEE sail

Fishing conglomerate Oceana has highlighted its empowerment efforts by announcing a R289m payout to employee beneficiaries of the company’s Empowerment Trust.

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Who will take the can?

WHILE the market awaits approval of fishing conglomerate Oceana’s takeover of the fishing segment of FoodCorp, lines are already being cast for who the buyer of the Glenryck pilchard canning business will be. 

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Pep in its step

  • Published in Retail

In the six months to end December 2013 Pepkor – which is still aligned to founder and Cape tycoon Christo Wiese - reported that low cost fashion retailer Pep opened 51 new stores to bring its store numbers countrywide to 1528.

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