The Science Of ...

Story of black-owned Brimstone (owner of Sea Harvest, Tiger Brands, MTN Zakhele)

We wanted to be profitable, empowering and with a positive social impact.

Fred Robertson, Brimstone

A brimstone is a butterfly found at the foot of Table Mountain.

Fred Robertson, Brimstone

Brimstone Investment Corporation Limited is a black owned Cape-based investment consortium.

It employs 3400 people in its subsidiaries and more than 24 000 in its associates.

Brimstones has investments in:

  • Aon Re Africa

  • Grindrod Limited

  • Equites Property Fund Limited

  • House of Monatic

  • Life Healthcare

  • Lion of Africa

  • Multichoice Phuthuma Nathi

  • MTN Zakhele

  • Obsidian Health

  • Oceana Group

  • Sea Harvest

  • Tiger Brands

The Money Show's Bruce Whitfield interviewed Brimstone and Sea Harvest Chairperson Fred Robertson for his weekly "The Science Of" feature.

Brimstone first invested in Sea Harvest in 1998 and acquired control in 2009.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

We learned from people like Anton Rupert.

Fred Robertson, Brimstone

We had a few missteps… our investments in Brimstone Pharmaceuticals. The police raided the place; our partner there wasn’t upfront with us.

Fred Robertson, Brimstone

You can’t make a good deal with a bad person!

Fred Robertson, Brimstone

We are active managers; particularly with our subsidiaries.

Fred Robertson, Brimstone

We’ve actively played a role in turning Lion of Africa around.

Fred Robertson, Brimstone

Our luck lies in our stakeholder base; our shareholders and the people we do business with.

Fred Robertson, Brimstone

We’re not comfortable [with Grindrod; of which Brimstone owns 6%], but it’s unfair for me to comment.

Fred Robertson, Brimstone

We’ve been paying dividends for the last 15 years.

Fred Robertson, Brimstone

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Article brought to us by Old Mutual.

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