SEKUNJALO DR SURVÉ JOINS FORCES WITH DUTCH INVESTOR

Published, 08 March 2017 by Adri Senekel De Wet, Business Report at 06h29am.

Cape Town – Dr Iqbal Survé, the executive chairman of the Sekunjalo Group, and technology entrepreneur Marcel Boekhoorn, owner of Ramphastos Investments, on Tuesday announced a joint investment in a South African gold reclamation project.

The investment will see significant amounts of gold being reclaimed from mining dumps using state-of-the-art technology, resulting in job creation and foreign currency earnings for the South African economy.

Boekhoorn’s holding in Ramphastos Investments comprises a wide array of business interests ranging from cutting edge technology, including voice; biometrics; digital antennas; decompostable coffee cups and aviation glass to private equity and real estate.

His most prized real estate asset is the hi-tech Campus Eindhoven, often dubbed the most intelligent square mile in the Netherlands.

Boekhoorn has a long track record of exceptional returns, making him one of the wealthiest people in the Netherlands.

“Partnering with Dr Iqbal Survé, a well-respected and highly reputable industrialist, enables us to bring novel technology to the country, while capitalising on Dr Survé’s knowledge and network,” said Boekhoorn.

Survé, a billionaire philanthropist, has invested in several technology companies. He is also the executive chairman of Independent Media

Survé said he expected to report more joint investments with Boekhoorn in the months to come. Both entrepreneurs are committed towards a long-term partnership with joint teams already vetting follow-on transactions.

Survé said Boekhoorn’s focus on sustainable, impact projects was aligned with some of the objectives of the Sekunjalo Impact Fund, which was launched on February 9.

Two key areas of the Impact Fund are sustainability as well as technologies.

Premier’s historic listing on main JSE

Published, 02 March 2017 by Quinton Mtyala, Cape Times at 10h59pm.

Almost 18 years after Premier Food and Fishing was taken over by the Sekunjalo Group, the company marked a milestone when it listed on the main bourse of the JSE yesterday morning.

At a function where the listing was witnessed via live streaming at the Mount Nelson Hotel, former company spokesperson and now executive editor for Independent Media’s business titles Adri Senekal said Premier was truly a broad-based black empowerment business.

Independent Media’s chief of staff Zenariah Barends, who had also worked at Premier, said she was emotional considering how far the company had progressed.

Sekunjalo Group and Independent Media executive chairman Dr Iqbal Survé said the listing was “a big occasion. To list a company on the main board (of the JSE), is not easy”.

He credited Premier Food and Fishing’s staff for their dedication, saying other fishing companies had experienced disasters due to negligence.

Survé said the safety of crew manning its boats was their first priority, and it is for this reason that Premier Food and Fishing had not suffered a disasters since 1999.

“We’ve told the crews that they should not go out when the seas are rough,” he said, adding that the work of those on the trawlers was tough, and often crews would be at sea for up to a month.

Survé said one of the first things he did when Sekunjalo took control of Premier was to stop the practice of overfishing which had become an industry standard. “We had to respect the laws of the country.

Instead, the company focused on aqua-culture, and Survé said this now made up a significant chunk of revenue.

Survé said he was also proud that under his stewardship, Premier Food and Fishing had become an ethical company, while its competitors had lied about their empowerment credentials. “We could have been a bigger company (had we been unethical),” said Survé.

Sekunjalo was likely to list more of its more than 200 subsidiaries within the next two years.

Survé said Sekunjalo did not owe have any long-term borrowing with banks, and what it did borrow was for short-term cash flow.

“We’ve not taken out any dividend. I still stay in the same house I’ve been living in for the past two decades,” he said.

Read the full article here.

PREMIER FOOD AND FISHING IS FIRST 2017 LISTING

Published, 02 March 2017 by , Business Report Online at 11h01am.

Premier Food and Fishing has become the first company to list on the JSE this year, making its debut under the share code PFF.

The company listed on the Farming, Fishing and Plantations sector of the JSE’s Main Board.

Premier Food and Fishing owns one of the country’s largest black-owned fishing companies, Premier Fishing SA, which has a 65 year track record.

The company, a subsidiary of African Empowerment Equity Investments (AEEI) says its much anticipated listing on the local bourse has been oversubscribed.

The company last week said a private placement ahead of its initial public offering (IPO) was oversubscribed four times, following a successful two-week road show in anticipation of resuming trading on the JSE next week.

The company, in existence since 1952, was previously called Sekunjalo Industrial Holdings. It was to privately 117 million shares.

It is listing to gain access to capital to grow its business organically and through future acquisitions. It also wants to give employees and members of communities in which it operates, as well as the general public an opportunity to acquire an equity stake.

Donna Nemer, director of Capital Markets at the JSE, says the exchange is pleased to welcome Premier Food and Fishing.

Read also: Premier Foods oversubscribed

Premier Food and Fishing joins six companies that are listed in the Farming, Fishing and Plantations sector of the JSE, which currently has a market capitalisation of R38.29 billion.

CEO Samier Saban, Premier Food CEO, says “listing will provide the company with access to capital in order to grow the business both organically and by way of future acquisitions. Being listed on the JSE will further allow us to give both our employees, as well as the members of the communities in which we operate and also the general public, an opportunity to acquire equity in the company and thereby a liquid, tradeable asset within a regulated environment.”

BUSINESS REPORT ONLINE

An astute giant has fallen

Published, 26 February 2017 by , Independent Media at 05:56pm.

Cape Town – South Africa stands on the shoulders of giants, those brave enough to use whatever means necessary to fight the former apartheid government.

One of those giants was lawyer and later High Court Judge Essa Moosa, who using his astute legal mind stood up in court for struggle activists, aligning himself with those who fought for freedom and those too poor to defend themselves in court.

His passing on Sunday, surrounded by those closest to him, is devastating. Even though he had been ill for some time.

Sekunjalo and Independent Media Executive chairman, Dr Iqbal Survé said on Sunday he was overcome with grief at Judge Moosa’s death.

“During the eighties we knew who to turn to in times of struggle, we knew that if the security police was hunting us, if activists went missing, if people were being held in detention without trial, that our struggle lawyer Essa Moosa would be there. He did not only provide legal counsel, but also gave some of himself to many of us.”

Dr Survé, said: “We do not only salute him for the work he did during the dark days of apartheid, but also for helping usher in a new, just South Africa. When I visited him last week, I thanked him on behalf of all South Africans and for his guidance to so many of us who fought for political and social justice. Our condolences to Judge Moosa’s family, We thank you sharing such a great man with us. Thank you for opening your home and hearts to us for so many decades. ”

Many journalists at Independent Media came across Judge Moosa at some point of their careers. They were exposed to his fairness and astuteness, he was a lawyer that older journalists will remember for his work under apartheid, for many others, as a judge who paved the way for justice in the country.

Independent Media expresses its sadness at Judge Moosa’s passing. He made an incredible impact on journalism and how legal journalism is covered and written about. Echoing Dr Survé, Independent Media says even though a giant has fallen, his passing makes us remember why he sacrificed so much, so that millions could have freedom.

Hamba Kahle struggle lawyer. Your contribution will be remembered by millions.

PREMIER FOODS OVERSUBSCRIBED

Published, 24 February 2017 by Kabelo Khumalo, Business Report at 07:45am.

Johannesburg – Premier Food and Fishing (PFF), a subsidiary of African Empowerment Equity Investments (AEEI) says its much anticipated listing on the local bourse has been oversubscribed.

The company said on Thursday that its initial public offering (IPO) was oversubscribed four times, following a successful two-week road show in anticipation of resuming trading on the JSE next week.

It will list on March 2 under the code PFF.

AEEI chief executive Khalid Abdulla said the company was pleased about the feedback it had received from the market.

“We are excited about the future prospects of listing PFF. The fact that the shares were heavily oversubscribed is a sign of confidence in our fishing business as well as our management team. We wish them well in taking the business to the next level,” Abdulla said.

The company, in existence since 1952, was previously called Sekunjalo Industrial Holdings. It was to privately 117 million shares.

Premier aims to list to gain access to capital to grow its business organically and through future acquisitions. It also wants to give employees and members of communities in which it operates, as well as the general public an opportunity to acquire an equity stake.

The group has said it is well positioned for growth over the next three years and “into the future”. “As one of the largest black fishing companies in South Africa and given that current legislation is likely to promote black participation and black industrial development in this sector, this should be beneficial for the growth in this area.”

The group intends distributing 30 percent of its annual free cash flow to shareholders.

Premier is a vertically integrated food and fishing company which specialises in the harvesting, processing and marketing of fish and fish-related products, as well as general food products. It employs more than 350 permanent and seasonal staff and its business includes factories, processing facilities and fishing vessels operating in three provinces. Its products range from rock lobster to octopus, squid, abalone, pilchards, hake, general food products and environmentally friendly agri-biotechnology products.

Full article found here

ANA raises R1bn foreign stake

Published, 17 February 2017 by ANA Reporter, Independent Media at 07:35am.

Johannesburg – African News Agency (ANA), the continent’s first content syndication service and social media platform for text, pictures, and videos, has raised $80 million (R1.04 billion) from China, the US and the Middle East.

With this investment, ANA has in total raised $165 million since its inception.

In 2015, the entity raised $30 million and, last year, $55 million.

The total placing has resulted in 15 percent of the shareholding now held by international investors, and 85 percent of shares belonging to the Sekunjalo Group.

ANA president Professor Arthur Mutambara said he was delighted at the third tranche of investment.

Confidence

Mutambara said the investment was a sign of confidence, firstly in an African company, but mostly in the technology platforms which led to ANA exceeding its first milestone three months ago of reaching one billion users.

He said he would use the capital to further the technology platforms and to integrate both business-to-business and consumer-to-consumer.

“Technology is the great equaliser. The ANA multimedia technology platform will revolutionise the way Africans communicate among themselves, rebrand the continent, and ignite economic development,” Mutambara said, adding that the capital would also enhance engagement in social media platforms such as Facebook and to ensure it became the global primary provider for the African content by 2020.

ANA is headquartered in South Africa with ownership structures in Mauritius and Switzerland for global expansion. It is also planning to set up commercial media bureaus in New York, London, Shanghai and Dubai, allowing it to continue penetrating global audiences, and furthering its strategy to becoming the go-to source for news, information and data about Africa.

Mutambara said ANA would make an announcement about a platform developed in Africa at the World Economic Forum meeting in Durban in May.

ANA chief executive Grant Fredericks said the agency had achieved its second strategic milestone, enabling technology-driven social media platforms for text, pictures and videos.

“This is an exciting future for ANA and technology in Africa as social media platforms are currently dominated by Facebook and others,” Fredericks said.

Read the full article here

It’s all systems go for Premier’s JSE listing

Published, 17 February 2017 by Joesph Booysen, Business Report at 08:03am

Cape Town – Premier Food and Fishing (PFF) is all set for its listing on the JSE following successful investor roadshows in Johannesburg and Cape Town this week.

The company is set to be listed next month with an estimated 117 million shares, representing 45 percent of PFF’s equity post listing valued at R526.5 million.

Group chief executive Khalid Abdulla said the company controlled 60 percent of the local rock lobster exports to the US and held 12 percent of the total west coast of supplies to the Far East.

He said the company was also home to the third-­largest pilchard allocated quota of 7percent.

“Our products are of very high quality and are highly regarded in America,” he said.

“As AEEI, the major shareholder, we have been very happy with our returns in this the food and fishing business.”

Integrated

Premier Fishing is the vertically integrated food and fishing division of the JSE-listed AEEI – African Equity Empowerment Investments – and is the largest black-owned and controlled fishing company in the South Africa.

It also owns an abalone aquaculture farm in Gansbaai, which Abdulla described as a high-margin, low-risk business with a 70 percent gross profit margin.

He said the farm produced 120 tons of cultured abalone a year and was running at 100 percent capacity.

He said over the past two years the company had invested millions of rand in the alternative energy sector at the farm.

Read also: Premier Foods and Fishing to list in March

Abdulla said the company was set to increase the supply of its much-sought-after abalone product to its overseas client base.

Samier Saban, the chief executive of Premier Fishing, said in an earlier interview this month that the abalone operation employed more than 100 people and, with further expansion, it would increase its workforce.

“The planned expansion, once completed, would also have alternative energy (solar) installed to support the additional energy required and place less pressure on the electricity grid, which would be enough to benefit the community of Gansbaai,” said Saban.

“We also support small-scale subsistence fishermen and run a corporate social investment (CSI) programme to develop communities within which we work.”

Saban said once the expansion was completed, the farm would be able to produce up to 320 tons of abalone over the next three years.

Read the full article here

Sharing a noble cause

Published, 26 January 2017, by Adri Senekal, Business Report at 08:21am

“Dignity is the right of every person, including prisoners. Today’s prisoner could be tomorrow’s president or scientist or leader. Let’s come together to make the world a better place.” – Dr Iqbal Survé

The Geneva-based International Bridges to Justice (IBJ), one of the most prestigious global NGOs, announced the appointment of Sekunjalo Group chairman Dr Iqbal Survé to its global advisory board in Switzerland last week.

Karen Tse, the chief executive and founder of IBJ, expressed her excitement “to have finally convinced Survé, after eight years of trying, to serve on the global advisory board of IBJ”.

“Dr Survé is an influential African entrepreneur, a global business leader and a recognised philanthropist; he is the most influential business leader in Africa with the vision to shape the future of the African continent,” Tse said.

Survé currently serves as a patron or board member of a number of NGO’s across the globe, and Survé philanthropies through its seven affiliated foundations, which support initiatives in childrens’, women and human rights; climate change; healthcare solutions for the poor; education and science; arts and culture; social entrepreneurship and impact investing.

Tse said she was delighted that after eight years she convinced Survé to share his outstanding leadership skills and philanthropic experience with IBJ.

Read also: Top 8 #WEF2017 issues as SA heads to Davos

“We respect Dr Survé for his medical work with victims of apartheid and provision of medical care to a number of prominent South Africans during and after their release from Robben Island.

 

 

 

Read the full article here

#CTIJF2017 reveals epic line-up

Published, 24 January 2017 by IOL Reporter, Independent Media at 11:35am

EspAfrika, the organiser of the country’s longest running jazz festival, has pulled out all the stops to ensure that the 18th Cape Town International Jazz Festival (CTIJF) exceeds all expectations.

The line-up highlights festival director Billy Domingo’s insights into the current musical renaissance around the world, where collaborations are producing unique sounds that are gaining new audiences.

Jazz fans are likely to make a beeline for these exciting acts announced in the second half of the CTJIF line-up: Saxophonist, producer and composer Kamasi Washington (US) and his release The Epic shook up the jazz critics’ pick lists in 2015 and won the 2016 American Music prize, earning new fans across the world in the process; Grammy-nominated singer Andra Day (US) whose song Rise Up has been adopted as an anthem for change throughout the world; vocalist, pianist, composer and music educator, and two-time Metro Music Award winner Nomfundo Xaluva (SA); and, the multi-award winning saxophonist, composer and arranger Buddy Wells, who will lead his own band in a sensitive yet blistering set as the Buddy Wells Sextet (SA).

For those who favour urban sounds and hip hop there is alternative hip hop trio Digable Planets (USA); dance/electronic music producer Jameszoo (NL); STTA (SA) – a live concept band and City Festival Battle of the Bands 2016 winner, comprising of drummer Jstar, turntablists DJ Raiko and DJ P–Kuttah, three live beat machine samplers, versatile vocalist/ Nasty J aka Joniq; and singer/composer, multi-instrumentalist and producer Tom Misch (UK), who leaves his London bedroom studio to head to Cape Town for the first time in March.

 

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Unit trust firms gun for Raging Bull Awards

Published, 26 January 2017 by Staff Writer, Business Report at 07:59am

The Oscars of the unit trust industry, the Raging Bull Awards, celebrated its 21st anniversary last night, and to mark the occasion there were two special awards made in addition to the 10 coveted awards. The event was hosted by Personal Finance, a publication of Independent Media, in conjunction with partners ProfileData and PlexCrown Fund Ratings.

The special awards were for the firm with the top-performing South African equity general fund over 21 years and top multi-asset equity fund on a risk-­adjusted basis over 21 years.

Dr Iqbal Survé, executive chairman of Independent Media, addressed this year’s event, which was held at the Summer Palace Ballroom in Johannesburg.

More than 300 representatives of leading unit trust firms, boutique managers, financial services regulators and investment industry bodies attend the event. Each year, 10 Raging Bull Awards are awarded.

The most coveted award, for the South African Management Company of the Year, is made on the basis of an average PlexCrown fund rating that measures risk-adjusted returns and consistency of performance across all of a manager’s qualifying funds for periods up to five years.

Last year, Nedgroup Investments was the first management company to scoop the Raging Bull Awards for South African Management Company and for Offshore Management Company.

 

Read the full article here