Sea Harvest buys bigger Mareterram stake
South African fishing company Sea Harvest recently announced a 19.9 percent acquisition of Australia’s ASX-listed Mareterram, making it the company’s largest shareholder.
Sea Harvest has more than a 40 percent volume share in the local frozen fish sector and employs more than 2 400 people.
Mareterram is a vertically integrated agri-business with operations encompassing Nor-West Seafoods and Craig Mostyn.
“The investment in Mareterram allows Sea Harvest to diversify its earnings away from a single specie hake resource and gives us a firm foothold to increase our market share and presence in Australia in a hard currency,” Sea Harvest chief executive Felix Ratheb said.
News Category
- International retailers
- On the move
- Awards and achievements
- Legislation
- Wine and liquor
- Africa
- Going green
- Supplier news
- Research tools
- Retailer trading results
- Supply chain
- Innovation and technology
- Economic factors
- Crime and security
- Store Openings
- Marketing and Promotions
- Social Responsibility
- Brand Press Office
Related Articles

'Tis the season for on-demand shopping, now wit...
Pick n Pay asap! is feeling festive and is giving away up to R30 million to customers

Big growth for Spar’s rival to Checkers Sixty60
By: Hanno Labuschagne - MyBroadband
South African grocery retailer Spar has recorded substantial user and revenue growth for its on-demand delivery app Spar2U over the past year.

What customers want this Black Friday, with clo...
Pick n Pay launches Early Black Friday deals, more to launch next week
In recent years, there has been a noticeable shift in consumer focus towards prioritising Black Friday deals on groceries, particularly meat, non-perishable pantry items, and ...

The SPAR Group set to transform KZN business wi...
The SPAR Group South Africa has appointed Damon Harry as Divisional Managing Director for SPAR KwaZulu-Natal. Harry replaces Angelo Swartz, who was recently appointed CEO for The SPAR Group.

The SPAR Group appoints retail expert Ed von Ge...
The SPAR Group has announced Ed von Gericke as the new National Retail Operations Executive for The SPAR Group Southern Africa. With his appointment, von Gericke is set to lead SPAR's journey of growth and innovation, leveraging his leadership ski...