The adventures of unlisted food business TerraSan might be well worth monitoring. The company first made headlines in Business Day when it acquired the fish canning business The Saldanha Group from the Silverman family. Significantly, TerraSan has also attracted two key shareholders in the form of Trustee Board Investments, which is invested in JSE-listed companies Accentuate and Efficient, and more recently the private equity group Exeo, through its Agr-Vie II fund. TerraSan, which appears to offer its shares on a self-operated over-the-counter platform, does publish abridged financial reports on its website. There might be growing intrigue to see what the latest numbers look like with The Saldanha Group’s operations onboard, although the key abalone farming operations might have taken a hit from the red tide incident that took place early in 2017. It is clear from correspondence on the Exeo investment, the value of which was not disclosed, that TerraSan is in expansionary mode. Fo...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.