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.”

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