Premier Fishing satisfies their 2017 financial result’s appetite

Published 24 October 2017, by Zeenat Vallie

CAPE TOWN – African Equity Empowerment Investment’s subsidiary, Premier Fishing and Brands Limited has today released their audited financial results for the year ended August 31, 2017. The distinguished food and fishing group revealed new acquisitions as well as overall company growth.

The vertically integrated fishing group has ticked all the right boxes during their 2017 financial year. A meagre 8 months after listing on the JSE, the Premier Foods announced that its year on year profit after tax increased by 31% from R52 million to R68 million.

“I am pleased at the results for this financial year and I wish to congratulate the Premier team on the efficiency as well as maintaining their focus on growth, development and sustainability. The growth plans for the fishing Group is taking place in earnest as expected and we look forward to the output and growth that this will generate in the future”, said Group CEO of majority shareholder, African Equity Empowerment Investments Limited (AEEI) and Deputy Chairman of Premier, Khalid Abdulla.

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We vow to be balanced, free from bias and fair

Published 27 September 2017, by Dr Iqbal Survé

South Africa has entered one of the most turbulent political periods since the advent of democracy on April 27, 1994. It is not an understatement to say the leadership of the entire country is potentially at stake when the ruling ANC holds its elective conference in Joburg in December.

President Jacob Zuma has already made it clear that he will relinquish the presidency of the ANC then, rather than create the spectre of two centres of power when his term at the Union Buildings expires in 2019. This is admirable in any society, but particularly so in a continent such as ours. South Africa has always been a beacon for democracy, not just for Africa, over the past 23 years.

Democracy, in its full bloom, is never neat or tidy. By definition it is messy, often robust; the more entrenched a democratic society is, the more uproarious its debates and exchanges.

The ANC certainly personifies this spirit of contestation and difference of opinion, even though the movement – Africa’s oldest – is well over 100 years old. This leadership contest, which has yet to officially begin, embodies this same spirit too – which is where the greatest danger lies and concomitantly the importance of the role that the media plays.

We live in a world of democratised information, where social media has become both the world’s greatest enabler and paradoxically the greatest threat as it spreads fake news with the same speed and dexterity as real news. In an environment where the stakes are as high as this, right here at home, so too the propensity to spread fake news will intensify, designed with only one purpose: to confuse conference delegates with often quite sophisticated smear campaigns.

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AEEI acquire majority stake in Orleans Cosmetics

Published 12 September 2017, by staff reporter

CAPE TOWN – JSE-listed African Equity Empowerment Investments Limited (AEEI), has announced that it has acquired a majority stake in prestigious cosmetics distribution company, Orleans Cosmetics (Pty) Limited (Orleans).

Orleans is the exclusive Southern African distributor of imported, high-end cosmetic brands such as Gatineau, NUXE, RVB SKINLAB/diego dalla palma professional and Sothys. These products are sold to leading retailers such as Truworths, Woolworths etc. as well as to spas and beauty salons.

Khalid Abdulla, Group Chief Executive Officer of AEEI said, “I am delighted that AEEI has concluded the deal with Orleans. Orleans was acquired to expand our health and beauty division, which is right on track in terms of organic and acquisitive growth and in line with AEEI’s Vision 2020 Vision strategy.”

AEEI’s health division has been growing steadily over the past few years, yielding excellent results. This acquisition is a strategic move to complement AEEI’s strong health and beauty division through the addition of leading cosmetic brands to its existing portfolio. The acquisition of Orleans also talks to a strong consumer-focused growth path for the
diversified investment group.

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