BRIMSTONE BUMPS DIVIDEND
Empowerment group Brimstone Investment Corporation reported a 23% increase in its intrinsic net asset value to R5.13bn, or R21.40 a share, in the year to end December. As a result, the group increased its dividend 20% to 42c a share, Business Day reported. Operating profit jumped by R273m thanks to improved results from Lion of Africa, which cut its losses from R180m in the 2015 financial year to a loss of R15.4m; and a strong contribution from Sea Harvest, the newspaper said. Sea Harvest is set to list separately on the JSE in March. Brimstone also holds stakes in Oceana, Life Healthcare and Grindrod.