At a shareholder level, Brimstone Investment Corporation invested ZAR 250 million (€17.1 million/$18.5 million) in acquiring Kagiso Tiso Holding’s share of Sea Harvest, allowing it to increase its controlling share to 85 percent. This acquisition consolidated the company’s position as one of the most transformed fishing companies in the industry, now being 91 percent black-owned. “Our commitment to transformation and job creation in the fishing industry will continue into the future,” said Fred Robertson, Chairman of Sea Harvest and Brimstone. In 2016, positive revenue growth can be seen in most markets, particularly in Europe, the company said. “We continue to experience positive growth in all markets as the demand for sustainably caught hake grows, the opportunities for us to diversify our currency are there as we seek to make Cape Hake the protein of choice the world over,” said Konrad Geldenhuys, sales and marketing director at Sea Harvest. After the difficulties faced by the business post the 2008 global financial and southern European sovereign debt crises the business has seen a turnaround where its current compound annual growth rate (CAGR) on revenue has increased by over 10 percent since 2011, and its earnings before interest and tax (EBIT) has increased by over 60 percent since 2014. Sea Harvest is well poised for organic and acquisitive growth, the company said.