Weekly Press Review – 12 February 2018

Making headlines this week is the news that fishing company, Sea Harvest, expects to see an improvement in its earnings a share of at least 28 percent for the year ending in December. The group says the performance was mainly driven by the South African operations with strong market demand for Cape hake globally and … Continue reading Weekly Press Review – 12 February 2018

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Weekly Press Review – 6 November 2017

Transnet is distancing itself from the kickbacks scandal currently rocking the state-owned rail and logistics group. According to the press, the scandal includes allegations that some of its suppliers paid third parties millions of rands in order to win tenders. Chief executive, Siyabonga Gama said, “These allegations are made against Transnet suppliers, where it is … Continue reading Weekly Press Review – 6 November 2017

Weekly Press Review – 28 August 2017

The sale of Maersk oil and gas assets to Total made headlines this week. Total agreed to buy the oil and gas unit AP Moller-Maersk, paying Maersk with $4.95 billion (R65.03 billion) of its own shares and assuming $2.5bn of the company’s debt. The board at Grindrod is investigating the possibility of a separate offshore … Continue reading Weekly Press Review – 28 August 2017

Weekly Press Review – 14 August 2017

JSE-listed Sea Harvest has acquired a new freezer trawler from listed Icelandic fishing company, HB Grandi. According to the press, the vessel, the MV Therney, was built in Sterkoder yard in Norway. The group said that there are currently three Sterkoder class vessels in South Africa, two owned by Irvin & Johnson, and one acquired … Continue reading Weekly Press Review – 14 August 2017

Weekly Press Review – 13 March 2017

Sea Harvest is set to list on the Johannesburg Stock Exchange (JSE) this month, making it the second fishing company to list this year after Premier Food and Fishing (PFF). According to the press Sea Harvest is a subsidiary of Brimstone Investment and is expected to retain its controlling stake in Sea Harvest after the … Continue reading Weekly Press Review – 13 March 2017

Weekly Press Review – 19 June 2015

Sea Harvest has made headlines this week with the launch of their new share scheme which will see the company issuing more than 4 million shares to its employees. The company, which is owned by Brimstone Investment Corporation and Kagiso Tiso Holdings, regards the 4.3 million shares as an extension of it empowerment and shareholding … Continue reading Weekly Press Review – 19 June 2015

Three new vessels to be launched in National Marine Week

National Marine Week kicked off in Cape Town this morning when the Minister of Environmental Affairs, Minister Edna Molewa, addressed a small audience of learners, invited guests and media. It was the first in a number of maritime-related functions in our calendar this week that includes the launch of three new vessels in Durban and Cape Town. … Continue reading Three new vessels to be launched in National Marine Week