Empowerment group Brimstone Investment Corporation has made its second big disposal this week, selling a pile of shares in private hospitals group Life Healthcare. A Sens announcement on Wednesday detailed the sale of about 13.5-million Life shares at an average price of R26.78 per share to raise almost R362m. This follows hard on the heels of Brimstone confirming the sale of its 0.9% shareholding in food conglomerate Tiger Brands for R387m. Brimstone simply stated the sale was executed in order to realise a portion of its investment and proceeds would be used to repay certain outstanding debt funding obligations. Market watchers reckoned Brimstone might be poised for a big deal with nearly R750m raised from the Tiger and Life share sales this week. However, chairman Fred Robertson said that although the company was always on the look-out for new opportunities, there was nothing on the table at the moment. In recent months, Brimstone — which is anchored by large investments in fishi...
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