South African tycoon Mustaq Brey’s Brimstone sells part of Oceana stake for $37 million
Billionaires Africa | 06.12.2025 23:51
Brimstone Investment Corporation Ltd., the Cape Town investment group co-founded and run by South African businessman Mustaq Brey, has agreed to sell part of its holding in Oceana Group Ltd. for R633.4 million ($37.4 million). The move forms part of a broader effort to tidy up the company’s balance sheet and lower funding commitments after a review of its portfolio.
