About the Funders
The Sea Harvest Group is a Level 1 Broad-Based Black Economic Empowerment (B-BBEE) contributor and one of the largest empowered companies in its sector. Although contributing to social transformation is key to securing a licence to operate in the South African fishing industry, the Sea Harvest Group understands and accepts that it is also a critical necessity to address the wrongs of the past. In order to drive transformation Sea Harvest has introduced empowerment projects and initiatives that are supported by the Sea Harvest Foundation (NPC).
In 2018, the Company also became an equal partner in the South African Fisheries Development Fund with Brimstone.
In 2018, Sea Harvest acquired Viking Fishing and a controlling interest in Viking Aquaculture, which was a transformational transaction for the Company; and on the 2nd of January 2019, Sea Harvest acquired Ladismith Cheese as an entry into the value-added dairy sector in South Africa.
Transformation forms the backbone of Brimstone Investment Corporation Limited’s (Brimstone) operations as a black controlled and managed investment company, incorporated and domiciled in the Republic of South Africa. Brimstone employs more than 3 400 employees in its subsidiaries and has a total of more than 24 000 people working companies with which it is associated and in which it has investments.
Brimstone seeks to achieve above average returns for its shareholders by investing in wealth creating businesses and entering strategic alliances to which it contributes capital, innovative ideas, management expertise, impeccable empowerment credentials and a value driven corporate identity.
Brimstone’s social commitment is an extension of its mission statement of being profitable, empowering and to have a positive social impact on the businesses and the individuals with whom it is involved.
The Fund’s Chief Executive Officer, Mark Botha, holds a PhD in Finance from the University of Cape Town with his thesis entitled “Collective ownership in the South African small-scale fishing sector: a framework for sustained economic growth” and lectured at the University of the Western Cape.
He has more than 16 years’ experience within the fishing industry and has been involved in the implementation of the TETA’s Small Boat Fishing Industry project and community-based learnerships, internships and skills development amongst various maritime sector stakeholders.
He continuously engages various small-scale fishers on the role and impact of fisheries legislation, trends within the global fisheries sector, as well as alternative economic opportunities to improve their livelihood.
He serves on SAMSA’s National Fishing Forum as the community cluster champion.