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Brimstone swings to an interim profit as it slashes debt

Brimstone swings to an interim profit as it slashes debt
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

Brimstone done with weight loss in the gym and ready to hit the road again, says CEO

Brimstone done with weight loss in the gym and ready to hit the road again, says CEO
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

Monatic fashions a new lease on life

April 15, 2021 LOCAL empowerment company Brimstone Investment Corporation’s more than 20-year relationship with clothing manufacturer House of Monatic (HoM) has ended. Sometimes that relationship hung by a thread – with HoM struggling against cheaper imports and watching as informal wear at work gradually replaced the donning of suits. HoM – which is over 100 years old – was best known for its stylish Carducci suits. Still, HoM was one of the last clothing manufacturing enterprises still left in the Western Cape. The business was a significant employer in Cape Town, and thus there was constant fretting that after many years of successive losses that Brimstone would pull the plug in the company.

Brimstone Repays More Than R1 Billion Debt In Tough Reporting Period – AfricaBusiness com

Debt repayment to funders in excess of R1 billion Reduction of R129.8m in finance costs 7m raised from disposal of portion of Equites and Phuthuma Nathi stakes 4m raised from disposal of portion of Life Healthcare stake Improved debt and liquidity ratios Brimstone’s shareholding in Oceana Group increased to 25.01% [Cape Town, 3 March 2021] Brimstone today released its Group results for the year ended 30 December 2020 reporting a reduction of over R1 billion in debt during the year. Brimstone’s two largest investments, Sea Harvest and Oceana Group, produced strong results in an extremely difficult operating and trading period exacerbated by the COVID-19 pandemic.

Covid-19 challenges made Brimstone go to gym and come out fitter, says CEO

Covid-19 challenges made Brimstone go to gym and come out fitter, says CEO
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

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