Circle to control 41.02% stake Ahead of its listing on the JSE AltX, Gold Brands Investments (“GBIL”) announced today that it has concluded a R100-million deal with Circle Food Group.  The date of the listing is yet to be confirmed by the JSE, however, at listing, Circle Food Group will control a 41.02% stake in the fast-growing franchise food business established by Stelio and Praxia Nathanael, which has over 300 stores in its flagship brand, Chesa Nyama. It has four other food brands in its stable.  Circle Food Group’s major shareholder is Circle Capital Ventures (Pty) Ltd, which is a black-owned investment holding company, whose Chairperson is Hlumelo Biko and Chief Executive is Clive Rugara.   It is the private equity arm of Circle Capital Group specialising in expansion capital investments and was established by the Biko and Rugara families in 2002.  The private equity firm previously held a portfolio of diversified private equity investments and c...