Brimstone has become a controlling shareholder in medical equipment supplier Obsidian as the black-owned investment holding firm positions itself for the rollout of National Health Insurance (NHI).

Brimstone, which is also the biggest shareholder of JSE-listed fishing group Sea Harvest, increased its stake in Obsidian from 25% to 80% for R35.7m. The move, according to Brimstone CEO Mustaq Brey, is in line with the company’s strategy to increase its portfolio of unlisted assets.  

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now