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Sea Harvest is an enigma. A glance at the share price chart highlights the range-bound trading of the stock, which has hovered between R13.00 and R14.00 since its listing.

Part of this listlessness is illiquidity, as stalwart empowerment firm Brimstone owns 54% of Sea Harvest. This anchors the fishing stock’s empowerment credentials, which are critical to gain and secure fishing rights, but has led to tight trading volumes since listing...

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