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Premier’s big catch

PREMIER Fishing (PremFish) – the seafood specialist controlled by BEE company African Equity Empowerment Investments (AEEI) – has landed a bigger profit catch than initially expected. AEEI recently reported that in the year to end August PremFish not only increased its sales volumes, but also achieved better pricing, managed to secure good catch rates and efficient vessel scheduling and utilisation. PremFish consequently saw revenue growth of 15% to R401m and operating profit increasing to R75m (compared with R68m in the prior year.)

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AEEI - Empowering Business Transformation

Several top business awards prove BBEEE led companies have what it takes to perform. 

It’s been a bumper year so far for African Empowerment Equity Investments Limited (AEEI) with not one, but three top business acknowledgements. On 6th October, AEEI was recognised by Empowerdex in its annual benchmark of JSE listed companies, as the Most Empowered Company under the amended codes as well as the Most Empowered Management Control. This follows recognition by the Financial Mail in July, as the top performer on the JSE having demonstrated continued and consistent financial growth. This combination is unique, with no other listed company achieving such distinction.

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JSE officially opens JSE Exchange Hub Cape Town

The official launch of JSE Exchange Hub Cape Town today has reinforced the important role that the City of Cape Town plays in building South Africa’s Capital Markets. The opening of the JSE Exchange Hub Cape Town will allow the JSE to enhance its service to clients in the city and build new relationships.

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Old Mutual to sell Italian stake

According to IOL Old Mutual is set to offload its Italian stake following its announcement on Friday that it has entered into a short period of exclusive negotiations with Cinven, the owner of Ergo Italia, regarding the sale of Old Mutual Wealth Italy.

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Coasting along

Steenberg-based investment company Coast 2 Coast (C2C) has moved into the big league with its two mainstay investments starting to bulk up at a rapid rate.

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Pick n Pay unbundles its pyramid

Pick n Pay Stores announced today that it was seeking shareholder approval for a proposal to replace its current pyramid ownership structure with a simpler, more modern single share listing. Shareholders will vote on 25 July.

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