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Q&A: Labat has big plans to grow the ‘black gold’ industry

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Company has bought a 70% stake in Zarenka, which holds cannabis licences in Lesotho

JSE-listed Labat Africa, which has businesses in technology, transport and logistics, has added cannabis to its portfolio. It recently bought a 70% stake in privately owned Zarenka, which has cannabis licences in Lesotho.

Labat Africa CEO Brian van Rooyen spoke to Business Day about the company’s plans in the cannabis industry, which he calls black gold.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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