With large new opportunities proving elusive, PSG-controlled agribusiness investment company Zeder is looking for a big payback from two new greenfield ventures. CEO Norman Celliers said at the annual general meeting on Friday that while Zeder was still determined to find one or two substantial new investments, there would be a focus on building on smaller-growth investments. "We have been in a position where we looked at substantial new investments … but … price expectations were unrealistic, and we walked away." Zeder’s main value store is in its 27% stake in Pioneer Foods, but it was new developments at subsidiary companies Zaad, a seed marketing business, and Capespan, a fruit exporting and logistics group, that were highlighted at the AGM. A new urban farming venture is also under way. Celliers said Capespan’s operations had been restructured, refocused, realigned and reinforced over the past three years. The company now operated as two focused divisions. The fruit division con...
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