Mustaq Brey

Chief Executive Officer, Brimstone Investment Corporation

Mustaq Brey is Chief Executive Officer of Brimstone Investment Corporation.

Brimstone is a South African investment holding company founded in 1995 and listed on the JSE in 1998. In 2025, it sold 11.95 million Oceana shares for approximately R633.4 million as part of its debt-reduction strategy.

In the job

  1. Brimstone reported that it had sold all its holdings in Milpark, STADIO and Equites and portions of its Phuthuma Nathi and MTN Zakhele Futhi holdings for R673.6 million as part of its debt-reduction programme. Source

  2. Brimstone agreed to sell 11.95 million Oceana shares to a Marine Edge Capital consortium for approximately R633.4 million, reducing its Oceana holding to 16.0%. Source

  3. Brimstone reported a 98% increase in headline earnings per share for 2025, a R520.3 million reduction in net debt and a final dividend of 42 cents per share. Source

  4. Brimstone reported that first-half headline earnings per share rose 4% to 100.7 cents and cash dividends received increased 76.5% to R161.4 million. Source

Career before

  1. Founder, M Brey & Associates
  2. 1995Co-founder, Brimstone Investment Corporation

Education

BCompt (Hons); CA(SA)

Sources

  1. brimstone.co.za
  2. brimstone.co.za
  3. sharedata.co.za
  4. brimstone.co.za
  5. brimstone.co.za
  6. businessday.co.za
  7. businessday.co.za

Facts last checked 3 November 2026. Spotted something out of date? Tell us.

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