BUSINESS DAY TV: The JSE is about to reel in another catch in Sea Harvest
Mustaq Brey is the CEO of Brimstone. BUSINESS DAY TV: The JSE is about to reel in another catch. Brimstone plans to list its seafood company, Sea Harvest and says the cash raised will help to reduce debt and grow the business even more. Brimstone’s CEO, Mustaq Brey, joins us now on the line for more insights. Mustaq, as you say in today’s announcement you’ve spent 19 years building up your stake in Sea Harvest, why reduce it now? MUSTAQ BREY: We’re not reducing our investment in the company. What we’ve done in actual fact is listing off the Sea Harvest. We’re not taking any money off the table. We are trying to raise up to R1.5bn which will assist us in doing some other things as well at Brimstone, and at the same time it allows us to bring in some additional shareholders into Sea Harvest. We’ve been there for a long time, we’ve been there for 19 years. Over a period of time we’ve seen a few major changes, starting off at 10.76% up to 21.5% and then, when Tiger left Sea Harvest, we ...
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