Home arrow News & Events arrow Industry News arrow Brimstone to exit SA dairy deal on anti-Israel pressure
Brimstone to exit SA dairy deal on anti-Israel pressure Print
The Brimstone Investment Corporation will exit a deal led by an “Israeli” company to buy South Africa’s biggest dairy producer after protests by a pro-Palestinian activist group.

The investment-holding firm is in “advanced talks” with a replacement shareholder that could see it exiting its entire shareholding in Milco SA - the entity that has offered R4.8bn deal to buy Clover Industries - by the end of the year, it said in a statement Friday.

The Central Bottling Company, based in Tel Aviv, is leading the transaction along and is the biggest shareholder in Milco. A CBC unit will buy Brimstone’s interest on December 31, if it hasn’t found an alternative investor by then, the South African company said.

The ANC had close ties to the Palestine Liberation Organization during the apartheid era and “Israeli” interests are frequently the target of protests in South Africa. Brimstone says on its website that it has “impeccable empowerment credentials and a values-driven corporate identity".

The deal was opposed by Boycott Divestment Sanctions South Africa, a group with a history of anti-Israel activity. “We will actively initiate, support and/or join the call for direct action and a militant but peaceful campaign,” the organisation said. That will include “protests and disruptions against Clover and a boycott of all of its products.”

SANHA reiterates its stance that we shall never recognize the occupation of the sacred land of Palestine which is home to al-Masjid al-Aqsa. Legitimate steps to highlight and alleviate the sufferings of our Palestinian brethren and the oppressed globally, is to be lauded.
Selected Clover products are SANHA certified. Contact our Helpline for the status of specific products.
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