South African tycoon Mustaq Brey’s Brimstone posts 98% profit jump, clearing $32 million in debt
Mustaq Brey's Brimstone Investment nearly doubled headline earnings in 2025, driven by Sea Harvest and over $32 million in debt repaid.
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Mustaq Brey's Brimstone Investment nearly doubled headline earnings in 2025, driven by Sea Harvest and over $32 million in debt repaid.
South Africa's fourth-largest bank crossed the 8-million client mark for the first time in its 138-year history, posting R17.2 billion in earnings.
This mirrors wider investor caution amid challenges facing the global pharmaceutical sector and instability in emerging markets.
The family’s stake, previously valued at R4 billion ($213.8 million), now stands at R3.62 billion ($193.95 million).
This decline reverses a $1.51 million gain between Oct. 9 and 18, when Pullinger's stake rose from $31.52 million to $33.03 million.
Shares in the group rose 35.56 percent as a result.
Distell, a leading South African brewer, is partly owned by his investment group.
Nhleko will serve as a member of the remuneration, nominations and deal Committees.