Windfall likely to help PSG reduce debt and spread its wings
Investment group is anticipating a special dividend of up to R2bn from agribusiness subsidiary Zeder
20 October 2019 - 18:23
Stellenbosch-based investment group PSG is likely to use an expected bumper special dividend from agribusiness subsidiary Zeder to reduce debt.
Though PSG is not excessively geared, PSG CEO Piet Mouton — at an interim investor presentation last week — said reducing the group’s debt of about R1.55bn would create financial flexibility to pursue new opportunities...
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