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.)
Nearly a third of all South African listed REITS (real estate investment trusts) can be counted among the JSE’s 100 most empowered companies in 2016.
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.
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.
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.
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.
South Africa's Bidvest listed its food services business as Bid Corporation (Bidcorp) on the JSE on Monday, with the shares opening trade at R270 to value the company at around R90bn rand (US$5bn.)
Emira Property Fund continues to grow value in its retail property portfolio, investing over R250m in acquiring new centres and upgrading its shopping centres. The leading JSE-listed REIT (real estate investment trust) is already reaping the rewards of its investment in retail properties across the country.